Rock construction has current assets of 45 million, total liabilities and equity of 67 million, and...

Rock construction has current assets of 45 million, total liabilities and equity of 67 million, and sales of 59 million. How would current assets be expressed on a common size balance sheet?

Expert Solution

All numbers are expressed as a % of total assets on a common sized balance sheet

Since total assets = Total liabilities and equity

hence, current assets will be expressed as 45 million/67 million

= 67.1642%

i.e. 67.16%

jeff jeffy answered 2 years ago

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