Answer:
current assets = 67%
Explanation:
given data
current assets = $45 million
total liabilities and equity = $67 million
sales = $59 million
solution
we get here current assets that is express as
current assets = [tex]\frac{current\ assets}{liability\ and\ equity}[/tex] ......................1
put here value we get current assets that express on common size balance sheet is
current assets = [tex]\frac{45}{67}[/tex] × 100
current assets = 0.6716 × 100
current assets = 67%
