Multiple Choice
Oil Creek Auto has sales of $3,340, net income of $274, net fixed assets of $2,600, and current assets of $920. The firm has $430 in inventory. What is the common-size statement value of inventory?
A) 12.22 percent
B) 44.16 percent
C) 16.54 percent
D) 13.36 percent
E) 46.74 percent
Correct Answer:
Verified
Correct Answer:
Verified
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