Question

71-72. Use the following information to answer questions below:
Prepaid Expenses
* 14,000
Total Current Assets
1,95,000
Total Assets
8,76,000
Bonds Payable
1,25,000
Total Long-term Debt
* 1,80,000 +
71. Calculate the common-size percentage for Prepaid Expense
(a) 7.2%
(b) 1.6%
(c) 2.1%
(d) 5.8%
72. Calculate the common-size percentage for Bonds Payable.
(a) 14.3%
(b) 69.4%
(c) 18.0%
(d) 55.2%
72.74 the following information to answer questions below.​

Answer 1

Answer:

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Explanation:

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