In a common size balance sheet to be used in vertical analysis,what is the 100% amount?

Question

Quizplus · Accepted Answer

The 100% amount in a common size balance sheet is always the total assets, which serves as the base for expressing all other items as a percentage of that amount. Current assets, working capital, and total shareholders' equity are all important components of the balance sheet, but they are not used as the base for vertical analysis.

In a Common Size Balance Sheet to Be Used in Vertical