A firm has inventory of $11,400,accounts payable of $9,800,cash of $850,net fixed assets of $12,150,long-term debt of $9,500,accounts receivable of $6,600,and total equity of $11,700.What is the common-size percentage for the net fixed assets?
A)19.60 percent
B)26.67 percent
C)39.19 percent
D)42.08 percent
E)48.75 percent

Question

Quizplus · Accepted Answer

NFA common-size percentage = $12,150/($850 + $6,600 + $11,400 + $12,150) = 39.19 percent

A Firm Has Inventory of $11,400,accounts Payable of $9,800,cash of $850,net