If total assets are $5000, what is the common-size figure of Cash, assuming that Cash has a balance of $2400? (Round your final answer to the nearest percentage.)
A)208%
B)100%
C)48%
D)52%

Question

Quizplus · Accepted Answer

The common-size figure of Cash is calculated by dividing the balance of Cash by the total assets and multiplying by 100.

Common-size figure of Cash = (Cash/Total assets) x 100
= ($2400/$5000) x 100
= 48%

Therefore, the best answer is C) 48%.

If Total Assets Are $5000, What Is the Common-Size Figure