A firm has sales of $1,200,net income of $200,net fixed assets of $500,and current assets of $300. The firm has $200 in inventory. What is the common-size statement value of inventory?
A) 10.0%
B) 16.67%
C) 25.0%
D) 40.0%
E) 67.67%

Question

Quizplus · Accepted Answer

The Answer of A firm has sales of $1,200,net income of $200,net fixed assets of $500,and current assets of $300. The firm has $200 in inventory. What is the common-size statement value of inventory?
A) 10.0%
B) 16.67%
C) 25.0%
D) 40.0%
E) 67.67%

A Firm Has Sales of $1,200,net Income of $200,net Fixed