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If current assets are $20,000 and total assets are $187,000, what percentage of total assets are...

If current assets are $20,000 and total assets are $187,000, what percentage of total assets are current assets? (Answer as a percentage to 1 decimal point with no % sign needed, e.g. xx.x or 12.3)

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Answer #1

% of total assets that are current assets=current assets/Total assets

=20,000/187,000

which is equal to

=10.7(Approx).

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