If total assets are $6,000,what is the common-size figure of Cash,assuming that Cash has a balance of $2,400?
A)120.0%
B)100.0%
C)40.0%
D)60.0%

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
= (2400/6000) x 100
= 40%
Therefore, the answer is (C) 40.0%.

If Total Assets Are $6,000,what Is the Common-Size Figure of Cash,assuming