a-company-has-total-liabilities-and-equity-of-600000-and-accounts-payable-of-120

Question

A company has total liabilities and equity of $600,000 and accounts payable of $120,000. What is the common size percentage for accounts payable?

Accepted Answer

20%

Answer

30%

Answer

15%

Answer

25%

A company has total liabilities and equity of \$600,000 and accounts payable of \$120,000. What is the common size percentage for accounts payable?