Hansel Corporation's condensed balance sheets appear below:

(Base Year) 20X3 20X2 20X1

Assets:

Current assets 55,000 56,500 70,000

Plant & equipment, net 495,000 410,000 440,000

Intangible assets, net 20,000 27,500 40,000

Total assets 570,000 494,000 550,000

Liabilities & Stockholders' Equity:

Current liabilities 40,000 35,000 32,500

Long-term liabilities 395,000 310,000 375,000

Stockholders' equity 135,000 149,000 142,500

Total liabilities & equity 570,000 494,000 550,000

In a common size balance sheet for 20X2, plant and equipment (net) is expressed as

Multiple Choice

• 83.0%
• 83.6%
• 91.1%
• 100.0%