The Following Information Is Taken from the Financial Statements of Clybourn

Multiple Choice

The following information is taken from the financial statements of Clybourn Company for the current year: $\begin{array}{lr}\text { Current Assets } & \$ 32,000 \\\text { Total Assets } & 1,424,000 \\\text { Cost of Goods Sold } & 1,040,000 \\\text { Gross Profit } & 320,000 \\\text { Net Income } & 192,000\end{array}$ On a common size balance sheet what is the percentage that would be shown next to the dollar amount of current assets?

A) 100%
B) 44%
C) 30%
D) 33%