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Russell's Hardware Has Inventory of $218,000, Equity of $421,800, Total

Question 1

Multiple Choice

Russell's Hardware has inventory of $218,000, equity of $421,800, total assets of $647,700, and sales of $587,200. What is the common-size percentage for the inventory account?


A) 26.81 percent
B) 33.66 percent
C) 37.12 percent
D) 49.09 percent
E) 51.68 percent

Correct Answer:

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