A firm has sales of $1,070, net income of $211, net fixed assets of $514, and current assets of $270. The firm has $86 in inventory What is the common size balancesheet value of inventory?Multiple Choice31.85%10.97%16.73%4076%

Common Size Balance sheet value of Inventory: This number shows the proportion of total assets that…

A firm has sales of $1,070, net income of $211, net fixed assets of $514, and current assets of $270 The firm his $86 in inventory What is the common size balance sheet value of inventory? Multiple Choice 31.85% 10.97% 16.72%

A firm has sales of $1,070, net income of $211, net fixed assets of $514, and current assets of $270 The firm his $86 in inventory What is the common size balance sheet value of inventory? Multiple Choice 31.85% 10.97% 16.72%

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter6: Cost Of Goods Sold And Inventory

Section: Chapter Questions

Problem 27CE: Inventory Analysis Singleton Inc. reported the following information for the current year: Required:...

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A firm has sales of $1,070, net income of $211, net fixed assets of $514, and current assets of $270. The firm has $86 in inventory What is the common size balance
sheet value of inventory?
Multiple Choice
31.85%
10.97%
16.73%
4076%

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