Solved

A Company Is Preparing a Common Size Balance Sheet and Wishes

Question 85

Multiple Choice

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?
20102011 Cash 21,904$32,203 Total curtert assets 101,769141,128 Propety and equipment 112,577202,558 Long-tern irvestrments 12,7004,344 Intarigible assets 16,62148,703 Other lonp-term assets 11,70913,754 Total assets $255,376$410,487\begin{array} { | l | r | r | } \hline & \mathbf { 2 0 1 0 } & { \mathbf { 2 0 1 1 } } \\\hline \text { Cash } & \mathbf { 2 1 , 9 0 4 } & \mathbf { \$ 3 2 , 2 0 3 } \\\hline \text { Total curtert assets } & 101,769 & 141,128 \\\hline \text { Propety and equipment } & 112,577 & 202,558 \\\hline \text { Long-tern irvestrments } & 12,700 & 4,344 \\\hline \text { Intarigible assets } & 16,621 & 48,703 \\\hline \text { Other lonp-term assets } & 11,709 & 13,754 \\\hline \text { Total assets } & \$ 255,376 & \$ 410,487 \\\hline\end{array}


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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents