Bob's balance sheet reflects the following information:
Cash 750,000
Accounts Receivable 150,000
Inventory 450,000
Plant and Equipment 1,235,000
If Mark used these values to create a common-size balance sheet, which of the following would you expect to see as the cash line item?
(A) 32%
(B) 47%
(C) 29%
(D) 55.5%
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