Question

A firm has sales of $1,050, net income of $223, net fixed assets of $450, and...

A firm has sales of $1,050, net income of $223, net fixed assets of $450, and current assets of $285. The firm has $97 in inventory. What is the common-size statement value of inventory?

52.1 percent

9.2 percent

21.6 percent

34.0 percent

13.2 percent

0 0
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Answer #1

Total Assets Current Assets+Net fixed assets (285+450) $ 735.00 Common-size statement value of inventory Inventory/Total Asse

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