A company is preparing a common size balance sheet and wishes the base amount to

Question

A company is preparing a common size balance sheet and wishes the base amount to be the total amount of assets. What are the 2009 and 2010 common-size percents (rounded) for cash?

21% in 2009 and 22% in 2010

The percent cannot be computed for 2009 and 9% in 2010

8% in 2009 and 8% in 2010

8% in 2009 and 7% in 2010

19% in 2009 and 20 in 2010

A company is preparing a common size balance sheet and wishes the base amount to be the total amount of assets. What are the 2009 and 2010 common-size percents (rounded) for cash?

Explanation / Answer

2009 and 2010 common-size percents (rounded) for cash is calculated as under:

So, the answer is 8% in 2009 and 8% in 2010.

2009 Percentage of cash 2010 Percentage of cash Cash 21,600 8% 31,400 8% Total current assets 1,01,900 1,42,000 Total current assets other than cash 80,300 1,10,600 Property and equipment 1,12,800 2,02,800 Long term investments 12,600 4,600 Intangible assets 16,500 48,200 Other long term assets 11,500 13,400 Total assets 2,55,300 4,11,000

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