Question

How Do You Create A Common Size Balance Sheet?

Answer 1

Answer: Hey mate here is your ans

Explanation:

Most companies express each item on the balance sheet in terms of total assets. Divide each dollar amount by the total assets and multiply by 100. In this case, the percentages are: Cash, 2 percent; Accounts Receivable, 1.8 percent; Supplies, 0.2 percent; Equipment, 16 percent; Land, 20 percent; Building, 60 percent.

I hope its helpfull for u

Plz mark me brainliest

Answer 2

Most companies express each item on the balance sheet in terms of total assets. Divide each dollar amount by the total assets and multiply by 100. In this case, the percentages are: Cash, 2 percent; Accounts Receivable, 1.8 percent; Supplies, 0.2 percent; Equipment, 16 percent; Land, 20 percent; Building, 60 percent.