Multiple Choice
A firm has sales of $142,600,net income of $22,800,net fixed assets of $94,300,and current assets of $42,600,of which $31,400 is inventory.What is the common-size statement value of inventory?
A) 22.02%
B) 12.56%
C) 22.94%
D) 73.71%
E) 37.71%
Correct Answer:
Verified
Correct Answer:
Verified
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