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Bizhelp, CPA
Category: Single Problem
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Experience:  BA degree and Certified Public Accountant
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If total assets are $6,000, what is the common-size figure

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If total assets are $6,000, what is the common-size figure of cash, assuming that cash has a balance of $2,400?
A. 60.0%
B. 120.0%
C. 100.0%
D. 40.0%
Submitted: 4 years ago.
Category: Single Problem
Expert:  Bizhelp replied 4 years ago.

Thanks for the question.

The answer is D. 40.0%

$2400/6000 = 0.4 = 40%

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