A firm has inventory of $700, accounts payable of $300, cash of $80, fixed assets of $1,600, long-term debt of $1,400, accounts receivable of $320, and total equity of $1,000. What is the common-size percentage of the accounts receivable?

a. 10.67 percent

b. 11.11 percent

c. 11.85 percent

d. 12.33 percent

e. 13.67 percent