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Question
A company is preparing a common-size balance sheet and wishes the base amount to be the total amount of assets. What are the 2013 and 2014 common-size percents for cash?
| 2013 | 2014 | |
| Cash | $21,904 | $32,203 |
| Total current assets | 101,769 | 141,128 |
| Property and equipment | 112,577 | 202,558 |
| Long-term investments | 12,700 | 4,344 |
| Intangible assets | 16,621 | 48,703 |
| Other long-term assets | 11,709 | 13,754 |
| Total assets | $255,376 | $410,487 |
A. 21.52% in 2013 and 22.82% in 2014.
B. 7.90% in 2013 and 7.27% in 2014.
C. 8.58% in 2013 and 7.85% in 2014.
D. 19.30% in 2013 and 20.79 in 2014.
E. The percent cannot be computed for 2013 and it is 47.01% in 2014.
Answer
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Related questions
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