On a common-size balance sheet, current assets should be stated as a percentage of:
A) net income.
B) current assets.
C) cash.
D) total assets.

Name: On a common-size balance sheet, current assets should be stated as a percentage of: A) net income. B) current assets. C) cash. D) total assets.
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Question

Quizplus · Accepted Answer

A common-size balance sheet expresses each item as a percentage of total assets. Therefore, current assets should be stated as a percentage of total assets.

On a Common-Size Balance Sheet, Current Assets Should Be Stated