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Selected information for Alastair Company is as follows:
| 2012 |
Current assets | $450,000 |
Total assets | 725,000 |
Cost of goods sold | 700,000 |
Sales revenue | 915,000 |
Net income | 145,000 |
What is the percentage that would be given to current assets on a common-size balance sheet (round to the nearest percent)?
20 percent 77 percent 100 percent 49 percent |
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