The following information is taken from the financial statements of Clybourn Company for the current year: Current Assets$632,000 Total Assets 1,424,000 Cost of Goods Sold 1,040,000 Gross Profit 320,000 Net Income 192,000 On a common size balance sheet what is the percentage that would be shown next to the dollar amount of current assets?
A. 100%
B. 33%
C. 44%
D. 30%
Answer: C
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