The following financial statement items are shown for J&T Manufacturing.
$$\begin{array} { l r }
\text { Inventory } & \$ 24,000 \
\text { Total assets } & \$ 120,000 \
\text { Salaries payable } & \$ 12,000 \
\text { Total liabilities } & \$ 52,000
\end{array}$$ Calculate the common-size percentage for salaries payable.

Question

The following financial statement items are shown for J&T Manufacturing.
 $$\begin{array} { l r } 
\text { Inventory } & \$ 24,000 \
\text { Total assets } & \$ 120,000 \
\text { Salaries payable } & \$ 12,000 \
\text { Total liabilities } & \$ 52,000
\end{array}$$ Calculate the common-size percentage for salaries payable.

Quizplus · Accepted Answer

The Answer of The following financial statement items are shown for J&T Manufacturing.
 $$\begin{array} { l r } 
\text { Inventory } & \$ 24,000 \
\text { Total assets } & \$ 120,000 \
\text { Salaries payable } & \$ 12,000 \
\text { Total liabilities } & \$ 52,000
\end{array}$$ Calculate the common-size percentage for salaries payable.

The Following Financial Statement Items Are Shown for J&T Manufacturing