Answer:
Common-size percent for cash = 5.73 % (Approx.)
Step-by-step explanation:
Given:
Total cash = $26,200
Total assets = $457,000
Total equity = $156,630
Find:
Common-size percent for cash
Computation:
Common-size percent for cash = [Total cash/Total assets]100
Common-size percent for cash = [26,200/457,000]100
Common-size percent for cash = 5.73 % (Approx.)