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

Question

Quizplus · Accepted Answer

In a common-size balance sheet, the percentages are calculated based on the total assets of the company. Therefore, the 100 percent amount in a common-size balance sheet for a retail store would represent the total assets.

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