A Firm Has Inventory of $11,400,accounts Payable of $9,800,cash of $850,net

Multiple Choice

A firm has inventory of $11,400,accounts payable of $9,800,cash of $850,net fixed assets of $12,150,long-term debt of $9,500,accounts receivable of $6,600,and total equity of $11,700.What is the common-size percentage for the net fixed assets?

A) 19.60 percent
B) 26.67 percent
C) 39.19 percent
D) 42.08 percent
E) 48.75 percent