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DL Motors Has Sales of $22,400,net Income of $3,600,net Fixed

Question 18

Multiple Choice

DL Motors has sales of $22,400,net income of $3,600,net fixed assets of $18,700,inventory of $2,800,and total current assets of $6,300.What is the common-size statement value of inventory?


A) 10.07 percent
B) 13.67 percent
C) 11.20 percent
D) 12.50 percent
E) 9.84 percent

Correct Answer:

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