Manchester Technology Has the Following Data Available If a Common Size Balance Sheet Were Prepared,what Percentage Would

question 20

Multiple Choice

Manchester Technology has the following data available: $\begin{array} { l l } \text { Long-term Note Payable, December 31, 2013 } & \$ 90 \\\text { Long-term Note Payable, December 31, 2012 } & \$ 180 \\\text { Total Assets, December 31, 2013 } & \$ 630 \\\text { Total Assets, December 31, 2012 } & \$ 585 \\\text { Total Liabilities, December 31, 2013 } & \$ 320 \\\text { Total Liabilities, December 31, 2012 } & \$ 300\end{array}$
If a common size balance sheet were prepared,what percentage would be attributable to the 2012 long-term note payable of Manchester Technology?

• A)30.8%
• B)60.0%
• C)63.2%
• D)69.2%
• E)100.0%

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