JOSHUA COMPANY Comparative Balance Sheets December 31, 2016 and 2017

	2017		2016
Current assets:
Cash and cash equivalents	$ 204		$ 133
Accounts receivable	267		157
Inventories	131		264
Prepaid insurance	12		42
Total current assets	614		596
Long term assets:
Property, plant, and equipment	245		260
Less accumulated depreciation	- 140		- 125
Property, plant, and equipment, net	105		135
Total assets	$ 719		$ 731
Current liabilities:
Accounts payable	$ 97		$ 83
Wages payable	20		17
Current portion of long term notes	132		33
Total current liabilities	249		133
Long term liabilities:
Notes payable	98		198
Total liabilities	347		331
Stockholders' equity:
Common stock	103		117
Retained earnings	269		283
Total Stockholders' equity	372		400
Total liabilities and stockholders' equity	$ 718		$ 731

Using common-size analysis, what percentage would be attributable to the 2017 accounts receivable of Joshua Company?

Select one:

A. 37.1 percent

B. 35.4 percent

C. 14.5 percent

D. 13.5 percent

Below is the balance sheet for Joshua Company.

JOSHUA COMPANY Comparative Balance Sheets December 31, 2016 and 2017

	2017		2016
Current assets:
Cash and cash equivalents	$ 204		$ 133
Accounts receivable	267		157
Inventories	131		264
Prepaid insurance	12		42
Total current assets	614		596
Long term assets:
Property, plant, and equipment	245		260
Less accumulated depreciation	- 140		- 125
Property, plant, and equipment, net	105		135
Total assets	$ 719		$ 731
Current liabilities:
Accounts payable	$ 97		$ 83
Wages payable	20		17
Current portion of long term notes	132		33
Total current liabilities	249		133
Long term liabilities:
Notes payable	98		198
Total liabilities	347		331
Stockholders' equity:
Common stock	103		117
Retained earnings	269		283
Total Stockholders' equity	372		400
Total liabilities and stockholders' equity	$ 718		$ 731

Using common-size analysis, what percentage would be attributable to the 2016 inventories of Joshua Company?

Select one:

A. 34.5 percent

B. 31.3 percent

C. 36.1 percent

D. 21.5 percent