The balance sheet for Jimmy Company is given below: If a common-size balance sheet was prepared,what would Jimmy Company report for accounts receivable?
A)13.5%
B)17.3%
C)62.3%
D)86.3%

Question

The balance sheet for Jimmy Company is given below:   If a common-size balance sheet was prepared,what would Jimmy Company report for accounts receivable?
A)13.5% 
B)17.3% 
C)62.3% 
D)86.3%

Quizplus · Accepted Answer

The Answer of The balance sheet for Jimmy Company is given below:   If a common-size balance sheet was prepared,what would Jimmy Company report for accounts receivable?
A)13.5% 
B)17.3% 
C)62.3% 
D)86.3%

The Balance Sheet for Jimmy Company Is Given Below