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A firm has sales of $1,040, net income of $226, net fixed assets of $495, and current assets of $321. The firm has $102 in
A firm has sales of $1,040, net income of $226, net fixed assets of $495, and current assets of $321. The firm has $102 in inventory. What is the common-size statement value of inventory?
12.5 percent
9.8 percent
57.4 percent
20.6 percent
31.8 percent
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