Given the Balance Sheet Below, what is the correct answer for the common size values for both Fixed Assets and Long-Term Debt?

ASSETS LIABS+EQUITY CASH 10,000 ACCOUNTS PAYABLE 1,500 INVENTORY 500

LONG-TERM DEBT 40,000

BUILDINGS 81,000 EQUITY 50,000

Multiple Choice

• FIXED ASSETS: 88.52% / LT DEBT: 43.72%

• FIXED ASSETS: 91.27% / LT DEBT: 25.65%

• FIXED ASSETS: 12.28% / LT DEBT: 44.44%