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What percentage do sales represent of the base

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Reference no: EM132973388

Given the following data for the Metlock, Inc.:

Current liabilities $540

Long-term debt 470

Common stock 896

Retained earnings 1294

Total liabilities & stockholders' equity $3200

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

Option 1: 30%

Option 2: 28%

Option 3: 70%

Option 4: 20%

Problem 2: Monty Corp. reported net sales of $627840, $724000, and $784800 in the years 2021, 2022, and 2023, respectively. If 2021 is the base year, what percentage do 2023 sales represent of the base?

Option 1: 25%

Option 2: 125%

Option 3: 108%

Option 4: 80%

Reference no: EM132973388

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