A corporation reported cash of $14,700 and total assets of $179,000 on its balance sheet. Its common-size percent for cash equals:
A. 6.21%.
B. 20.55%.
C. 8.21%.
D. 14.34%.
E. 12.18%.
Answer: C
You might also like to view...
Which of the following is a source of primary market data?
A) trade magazines B) business publications C) government census data D) after-sales service personnel
Analyzing one's audience is more important for written reports than for oral reports
Indicate whether the statement is true or false
On January 1, Year 1, Friedman Company purchased a truck that cost $48,000. The truck had an expected useful life of 8 years and an $8,000 salvage value. Friedman uses the double-declining-balance method. What is the book value of the truck at the end of Year 1?
A. $38,000 B. $43,000 C. $40,000 D. $36,000
Companies report significant noncash investing and financing activities on a schedule that accompanies the statement of cash flows.
Answer the following statement true (T) or false (F)