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A firm has sales of $1,170, net income of $231, net fixed assets of $495, and current assets of $341. The firm has $94 in

A firm has sales of $1,170, net income of $231, net fixed assets of $495, and current assets of $341. The firm has $94 in inventory. What is the common-size statement value of inventory? a)11.2 percent

b)50.3 percent

c)27.6 percent

d)19.0 percent

e) 8.0 percent

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