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Problem:

A firm has sales of $1,140, net income of $218, net fixed assets of $528, and current assets of $284. The firm has $93 in inventory. What is the common-size statement value of inventory?

  • 42.66 percent
  • 8.16 percent
  • 32.75 percent
  • 17.61 percent
  • 11.45 percent

Note: Explain all calculation and formulas.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91148011

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