Multiple Choice
A firm has sales of $1,200, net income of $200, net fixed assets of $500, and current assets of $300.The firm has $100 in inventory.What is the common-size statement value of inventory?
A) 8.3%
B) 12.5%
C) 20.0%
D) 33.3%
E) 50.0%
Correct Answer:
Verified
Correct Answer:
Verified
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