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Find how common stock appear on a common size balance sheet

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Reference no: EM132499838

Given the following data for the Blue Spruce Corp.:

Current liabilities $ 580

Long-term debt $550

Common stock $ 880

Retained earnings $190

Total liabilities & stockholders' equity $2200

Question 1: How would common stock appear on a common size balance sheet?

Option 1: 40%

Option 2: 42%

Option 3: 32%

Option 4: 106%

Reference no: EM132499838

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