Multiple Choice
A firm has sales of $2,190,net income of $174,net fixed assets of $1,600,and current assets of $720.The firm has $310 in inventory.What is the common-size statement value of inventory?
A) 13.36 percent
B) 14.16 percent
C) 19.38 percent
D) 30.42 percent
E) 43.06 percent
Correct Answer:
Verified
Correct Answer:
Verified
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