A Company Is Preparing a Common-Size Balance Sheet and Wishes

question 137

Multiple Choice

A company is preparing a common-size balance sheet and wishes the base amount to be the total amount of assets. What are the 2013 and 2014 common-size percents for cash? $\begin{array}{|l|r|r|}\hline & {2013} &{2014} \\\hline \text { Cash } & \$ 21,904 & \$ 32,203 \\\hline \text { Total current assets } & 101,769 & 141,128 \\\hline \text { Property and equipment } & 112,577 & 202,558 \\\hline \text { Long-term investments } & 12,700 & 4,344 \\\hline \text { Intangible assets } & 16,621 & 48,703 \\\hline \text { Other long-term assets } & 11,709 & 13,754 \\\hline \text { Total assets } & \$ 255,376 & \$ 410,487 \\\hline\end{array}$

• A) 21.52% in 2013 and 22.82% in 2014.
• B) 7.90% in 2013 and 7.27% in 2014.
• C) 8.58% in 2013 and 7.85% in 2014.
• D) 19.30% in 2013 and 20.79 in 2014.
• E) The percent cannot be computed for 2013 and it is 47.01% in 2014.

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Definitions:

Synthetic Drug

Man-made substances created to mimic the effects of natural drugs, often with enhanced potency and possibly harmful side effects.

Neurotransmitters

Chemical messengers in the brain that transmit signals across synapses from one neuron to another, influencing mood, behavior, and cognitive functions.

Endorphins

Neurotransmitters that help relieve pain and reduce emotional tension. They are sometimes referred to as the body’s own opioids.

Heroin

An illegal opioid drug derived from morphine, highly addictive and associated with serious health risks and dependency.