$9.00

<p margin-bottom:0in;margin-bottom:.0001pt;line-height:normal”=”” style=”box-sizing: border-box; margin: 0px 18px 20px; line-height: 23.1px; word-break: break-word; overflow-wrap: break-word; word-wrap: break-word;”>Selected information for Alastair Company is as follows:

2012
Current assets $450,000
Total assets 725,000
Cost of goods sold 700,000
Sales revenue 915,000
Net income 145,000

What is the percentage that would be given to current assets on a common-size balance sheet (round to the nearest percent)?

20 percent

77 percent

100 percent

49 percent

Expert Answer

Description

<p margin-bottom:0in;margin-bottom:.0001pt;line-height:normal”=”” style=”box-sizing: border-box; margin: 0px 18px 20px; line-height: 23.1px; word-break: break-word; overflow-wrap: break-word; word-wrap: break-word;”>Selected information for Alastair Company is as follows:

2012
Current assets $450,000
Total assets 725,000
Cost of goods sold 700,000
Sales revenue 915,000
Net income 145,000View full description