A Firm Has Inventory of $46,500, Accounts Payable of $17,400

Multiple Choice

A firm has inventory of $46,500, accounts payable of $17,400, cash of $1,250, net fixed assets of $318,650, long-term debt of $109,500, and accounts receivable of $16,600.What is the common-size percentage of the equity?

A) 70.60 percent
B) 70.12 percent
C) 66.87 percent
D) 42.08 percent
E) 68.75 percent