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You are analyzing a firms financial statements and you notice they have sales of $1,500,000,...

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Finance

You are analyzing a firms financial statements and you notice they have sales of $1,500,000, total equity of $10,000,000, total liabilities of $6,000,000, and plant, property, and equipment (PP&E) of $1,000,000. What is the common size amount of the PP&E?

Group of answer choices

6.25%

10.00%

None of these options are correct

66.67%

0.66%

Answer & Explanation Solved by verified expert
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