A corporation reported cash of $14,200 and total assets of $178,500 on its balance sheet. Its common-size percent for cash equals: A. 7.96%. B. 20.69%. C. 14.73%. D. 5.96%. E. 12.57%.

Cornerstones of Financial Accounting
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ISBN:9781337690881
Author:Jay Rich, Jeff Jones
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Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...
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Hi expart Provide correct answer for this accounting question

A corporation reported cash of $14,200 and total assets of
$178,500 on its balance sheet. Its common-size percent for
cash equals:
A. 7.96%.
B. 20.69%.
C. 14.73%.
D. 5.96%.
E. 12.57%.
Transcribed Image Text:A corporation reported cash of $14,200 and total assets of $178,500 on its balance sheet. Its common-size percent for cash equals: A. 7.96%. B. 20.69%. C. 14.73%. D. 5.96%. E. 12.57%.
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