Question 4

1. Table 12-2 Broadsheet Publishing Group Balance Sheet December 31, 2X10 and 2X09 Current Assets: 2X10 2X09 Cash $200 $130 Accounts Receivable 220 100 Inventory 120 200 Prepaid Insurance 15 40 Total Current Assets $555 $470 Long-Term Assets: Fixed Assets $210 $230 Less Accumulated Depreciation (135) (115) Total Long-Term Assets $ 75 $115 Total Assets $630 $585 Current Liabilities: Accounts Payable $ 90 $ 75 Wages Payable 20 15 Current Portion of Long-term Notes Payable 120 30 Total Current Liabilities $230 $120 Long-Term Liabilities: Notes Payable 90 180 Total Liabilities $320 $300 Stockholders' Equity: Common Stock $100 $ 80 Retained Earnings 210 205 Total Stockholders' Equity $310 $285 Total Liabilities & Stockholders' Equity $630 $585 Referring to Table 12-2, if a common size balance sheet were prepared, what percentage would be attributable to the 2X09 long-term note payable of Broadsheet Publishing Group?

   		100.0%
   		30.8%
   		69.2%
   		60.0%
   		63.2%