Carl Industries has condensed balance sheets as shown: 2011 2010 2009 Assets: Cu

Question

Carl Industries has condensed balance sheets as shown: 2011 2010 2009 Assets: Current assets Plant & equipment, net Intangible assets, net Total assets $46,500 420,000 36,500 680,000 $503,000 65,000 600,000 15,000 $80,000 410,000 50,000 540,000 Liabilities & Stockholders Equity: Current liabilities Long-term liabilities Stockholders' equity Total liabilities & equity $70,000 420,000 190,000 $25,000 290,000 188,000 $33,500 400,000 106,500 540,000 $680,000$503,000 Refer to the information for Carl Industries. In a common size balance sheet for 2010, plant and equipment (net) is expressed as a. 30.4% O b.83.5 o-74.5% 93.7%

Explanation / Answer

Plant and equipment net expressed as :

Plant and equipment = 420000*100/503000 = 83.5%

so answer is b) 83.5%

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