If mark used these values to create a common-size balance, Ask an Expert

Accounting

Bob's balance sheet reflects the following information:

Cash 750,000
Accounts Receivable 150,000
Inventory 450,000
Plant and Equipment 1,235,000

If Mark used these values to create a common-size balance sheet, which of the following would you expect to see as the cash line item?

(A) 32%

(B) 47%

(D) 55.5%

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9442032

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