Blue Mountain Foods has net fixed assets of $89,700 and current assets of $38,400,of which $21,400 is inventory.What is the common-size statement value of inventory?
A)23.86%
B)18.56%
C)16.71%
D)55.73%
E)24.71%

Name: Blue Mountain Foods has net fixed assets of $89,700 and current assets of $38,400,of which $21,400 is inventory.What is the common-size statement value of inventory? A)23.86% B)18.56% C)16.71% D)55.73% E)24.71%
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Question

Quizplus · Accepted Answer

Common-size inventory value = $21,400 / ($38,400 + $89,700)= 0.1671,or 16.71%

Blue Mountain Foods Has Net Fixed Assets of $89,700 and Current