Given the Following Data for the King Company How Would Common Stock Appear on a Common Size Balance

Multiple Choice

Given the following data for the King Company: $$\begin{array} { l r } \text { Current liabilities } & \$ 400 \\\text { Long-term debt } & 480 \\\text { Common stock } & 700 \\\text { Retained earnings } & 920 \\\text { Total liabilities \& stockholders' equity } & \$ 2,500\end{array}$$ How would common stock appear on a common size balance sheet?

A) 20%
B) 70%
C) 28%
D) 30%