Question
A firm has sales of $1,220, net income of $188, net fixed assets of $534, and current assets of $306. The firm has $90 in
A firm has sales of $1,220, net income of $188, net fixed assets of $534, and current assets of $306. The firm has $90 in inventory. What is the common-size statement value of inventory?
29.4 percent
16.9 percent
7.4 percent
51.1 percent
10.7 percent
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Entrepreneurial Finance
Authors: Simon Hulme, Chris Drew
1st Edition
1352009811, 978-1352009811
