Problemrussells hardware has inventory of 218000 equity of, Ask an Expert

Accounting

Problem:

Russell's Hardware has inventory of $218,000, equity of $421,800, total assets of $647,700, and sales of $587,200.

Required:

Question: What is the common-size percentage for the inventory account?

A. 26.81 percent

B. 33.66 percent

C. 37.12 percent

D. 49.09 percent

E. 51.68 percent

Note:Provide specific examples to support your answers.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91170048

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