A company is preparing a common size balance sheet and wishes the base amount to be the total amount of assets.What are the 2010 and 2011 common-size percents for cash?
A) 21.52% in 2010 and 22.82% in 2011
B) 7.90% in 2010 and 7.27% in 2011
C) 8.58% in 2010 and 7.85% in 2011
D) 19.30% in 2010 and 20.79 in 2011
E) The percent cannot be computed for 2010 and 47.01% in 2011
Correct Answer:
Verified
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