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A firm has sales of $1,080, net income of $212, net fixed assets of $516, and current assets of $272. The firm has $87 in

A firm has sales of $1,080, net income of $212, net fixed assets of $516, and current assets of $272. The firm has $87 in inventory. What is the common-size balance sheet value of inventory?

Multiple Choice

  • 41.04%

  • 31.99%

  • 11.04%

  • 8.06%

  • 16.86%

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