A firm has inventory of $700, accounts payable of $300, cash of $80, fixed asset

Question

A firm has inventory of $700, accounts payable of $300, cash of $80, fixed assets of $1,600, long-term debt of $1,400, accounts receivable of $320, and total equity of $1,000. What is the common-size percentage of the accounts receivable? a. 10.67 percent b. 11.11 percent c. 11.85 percent d. 12.33 percent e. 13.67 percent
A firm has inventory of $700, accounts payable of $300, cash of $80, fixed assets of $1,600, long-term debt of $1,400, accounts receivable of $320, and total equity of $1,000. What is the common-size percentage of the accounts receivable? a. 10.67 percent b. 11.11 percent c. 11.85 percent d. 12.33 percent e. 13.67 percent
A firm has inventory of $700, accounts payable of $300, cash of $80, fixed assets of $1,600, long-term debt of $1,400, accounts receivable of $320, and total equity of $1,000. What is the common-size percentage of the accounts receivable? a. 10.67 percent b. 11.11 percent c. 11.85 percent d. 12.33 percent e. 13.67 percent

Explanation / Answer

Common-size percentage of the accounts receivable = Accounts receivable / Total assets

Common-size percentage of the accounts receivable = $320 / $2,700

Common-size percentage of the accounts receivable = 11.85%

Inventory $     700 Accounts receivable $     320 Cash $ 80 Fixed assets $ 1,600 Total assets $ 2,700

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