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A Corporation Reported Cash of $14,000 and Total Assets of $178,300

Question 1

Multiple Choice

A corporation reported cash of $14,000 and total assets of $178,300 on its balance sheet.Its common-size percent for cash equals:

A) .0785%.
B) 7.85%.
C) 12.73%.
D) 1273%.
E) 7850%.

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