Tom's Hardware has inventory of $318,000,equity of $421,800,total assets of $647,700,and sales of $687,400.What is the common-size percentage for the inventory account?
A)26.81 percent
B)33.66 percent
C)46.26 percent
D)49.10 percent
E)51.68 percent

Question

Quizplus · Accepted Answer

Inventory common-size percentage = $318,000/$647,700 = 49.10 percent

Tom's Hardware Has Inventory of $318,000,equity of $421,800,total Assets of $647,700,and