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A firm has sales of $1,210, net income of $179, net fixed assets of $483, and current assets of $337. The firm has $105 in

A firm has sales of $1,210, net income of $179, net fixed assets of $483, and current assets of $337. The firm has $105 in inventory. What is the common-size statement value of inventory?

8.7 percent

21.7 percent

12.8 percent

48.6 percent

31.2 percent

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