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A firm has sales of $1220, net income of $226, net fixed assets of $544 and current assets of $300. The firm has $101 in inventory. What is the common size statement value of inventory?

A firm has sales of $1220, net income of $226, net fixed assets of $544 and current assets of $300. The firm has $101 in inventory. What is the common size statement value of inventory?

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter7: Inventories: Cost Measurement And Flow Assumptions
Section: Chapter Questions
Problem 2RE: On January 1, Pope Enterprises inventory was 625,000. Pope made 950,000 of net purchases during the...
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A firm has sales of $1220, net income of $226, net fixed assets of $544 and current assets of $300. The firm has $101 in inventory. What is the common size statement value of inventory?

 

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