Problemthe book amp magazine co has inventory of 193000, Ask an Expert

Accounting

Problem:

The Book & Magazine Co. has inventory of $193,000, equity of $395,100, total assets of $578,800, and sales of $612,300.

Required:

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

19.82 percent
16.20 percent
48.85 percent
33.34 percent
31.52 percent

Note: Show supporting computations in good form.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91167933

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