Question
For Company A, if revenues are 100,000, total assets are 50,000, total liabilities are 20,000, gross profit is 40,000, net income is 10,000, shareholders equity
For Company A, if revenues are 100,000, total assets are 50,000, total liabilities are 20,000, gross profit is 40,000, net income is 10,000, shareholders equity is 30,000 and long-term assets are 30,000, what would be the "common size" percentage for total liabilities?
| A. | 60% | |
| B. | 20% | |
| C. | 100% | |
| D. | 40% |
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Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
11th edition
78025400, 978-0078025402
