The 2016 financial statements of leggett & platt include the accounts receivable footnote: total accounts and other receivables at december 31 consisted of the following: (in millions) 2016 2015 total accounts and other receivables $493.8 $529.5 allowance for doubtful accounts (7.2 ) (9.3 ) total accounts and other receivables, net $486.6 $520.2 the balance sheet reports total assets of $2,984.1 million at december 31, 2016. the common-size amount for gross accounts and other receivables are: select one: a. $486.6 million b. $493.8 million c. 16.5% d. 5.0% e. none of the above

The correct answer here would be option C) 16.5%.

Explanation:

For taking out the common size amount for gross accounts , formula is -

Gross account receivables  /   Total assets

Gross account receivables = net account receivables - allowance for doubt

                                                                                         full debts

= $486.6 + $7.2

= $493.8

Given -

Gross account receivables  = $493.8

Total assets  = $2984.1

Putting these values in the formula -

$493.8 / $2984.1

= 16.5%

answer(b); ; ; the quantitative or qualitative variable for which the experimenter wishes to determine how its value is affected by the explanatory variable;