The Following Information Is Taken from the Financial Statements of Clybourn

question 64

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%

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Definitions:

Obsession

A continuous, invasive, and undesirable idea, impulse, or visualization that leads to substantial worry or discomfort.

Repetitive Ritualistic Behavior

Actions performed in a specific and structured manner, often compulsively, as a part of a routine or tradition, sometimes observed in psychiatric conditions like OCD.

Suicide

Purposefully causing one's own demise.

Stress

A physical, mental, or emotional factor causing bodily or mental tension, which can result from external environments, internal perceptions, or a combination of both.