Multiple Choice
Ross Paints reported sales of $350,000, total assets of $150,000, total stockholders' equity of $60,000, current assets of $50,000, current liabilities of $30,000, and cash of $15,000. In a vertical analysis of the balance sheet, cash would be shown as:
A) 25%.
B) 10%.
C) 30%.
D) 20%.
Correct Answer:
Verified
Correct Answer:
Verified
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