In a common-size balance sheet for a retail store, the 100 percent amount is for
A) merchandise inventory.
B) total property, plant, and equipment.
C) total assets.
D) total current assets.

Question

Quizplus · Accepted Answer

The 100 percent amount in a common-size balance sheet represents total assets, meaning all assets of the retail store are represented as 100 percent. This allows for a comparison of the relative proportions of each asset category to the total assets.

In a Common-Size Balance Sheet for a Retail Store, the 100