Preston Supplies Ltd. has the following financial information: Inventory: $14,600 Accounts Payable: $12,000 Cash: $1,200 Net Fixed Assets: $15,800 Long-term Debt: $11,500 Accounts Receivable: $8,200 Total Equity: $14,000 What is the common-size percentage for the net fixed assets? a) 30.14 percent b) 42.00 percent c) 39.70 percent d) 45.16 percent
Preston Supplies Ltd. has the following financial information: Inventory: $14,600 Accounts Payable: $12,000 Cash: $1,200 Net Fixed Assets: $15,800 Long-term Debt: $11,500 Accounts Receivable: $8,200 Total Equity: $14,000 What is the common-size percentage for the net fixed assets? a) 30.14 percent b) 42.00 percent c) 39.70 percent d) 45.16 percent
Chapter12: Capital Structure
Section: Chapter Questions
Problem 1PROB
Related questions
Question
100%
Need help with this general accounting question please answer do fast
![Preston Supplies Ltd. has the following financial information:
Inventory: $14,600
Accounts Payable: $12,000
Cash: $1,200
Net Fixed Assets: $15,800
Long-term Debt: $11,500
Accounts Receivable: $8,200
Total Equity: $14,000
What is the common-size percentage for the net fixed assets?
a) 30.14 percent
b) 42.00 percent
c) 39.70 percent
d) 45.16 percent](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe46de87a-50b0-4acd-a4cf-8a6a1eac6f89%2F77b9f482-98d4-4b5b-b267-0d977d15642e%2Ft4o11gb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Preston Supplies Ltd. has the following financial information:
Inventory: $14,600
Accounts Payable: $12,000
Cash: $1,200
Net Fixed Assets: $15,800
Long-term Debt: $11,500
Accounts Receivable: $8,200
Total Equity: $14,000
What is the common-size percentage for the net fixed assets?
a) 30.14 percent
b) 42.00 percent
c) 39.70 percent
d) 45.16 percent
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![EBK CFIN](https://www.bartleby.com/isbn_cover_images/9781337671743/9781337671743_smallCoverImage.jpg)
![Intermediate Accounting: Reporting And Analysis](https://www.bartleby.com/isbn_cover_images/9781337788281/9781337788281_smallCoverImage.jpg)
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
![Managerial Accounting: The Cornerstone of Busines…](https://www.bartleby.com/isbn_cover_images/9781337115773/9781337115773_smallCoverImage.gif)
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
![EBK CFIN](https://www.bartleby.com/isbn_cover_images/9781337671743/9781337671743_smallCoverImage.jpg)
![Intermediate Accounting: Reporting And Analysis](https://www.bartleby.com/isbn_cover_images/9781337788281/9781337788281_smallCoverImage.jpg)
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
![Managerial Accounting: The Cornerstone of Busines…](https://www.bartleby.com/isbn_cover_images/9781337115773/9781337115773_smallCoverImage.gif)
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning