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Problem:

A firm has inventory of $11,000, accounts payable of 9,800, cash of 850, net fixed assets of 12,150, long term debt of 9,500, accounts receivable of 6,600, and total equity of 11,700.

Required:

Question: What is the common size percentage for the net fixed assets?

Note: Please show guided help with steps and answer.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91169201

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