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Hi. please help 321 Consider the financial statements below: Income Statement For the year begin{tabular}{|l|r|} hline Net Sales & 631,000 hline COGS & 442,200
Hi. please help 321
Consider the financial statements below: Income Statement For the year \begin{tabular}{|l|r|} \hline Net Sales & 631,000 \\ \hline COGS & 442,200 \\ \hline Depreciation & 28,100 \\ \hline EBIT & 160,700 \\ \hline Interest & 14,900 \\ \hline Taxable Income & 145,800 \\ \hline Taxes & 49,600 \\ \hline Net Income & 96,200 \\ \hline \end{tabular} What is the Common-size value of Inventory at the END of the year? Express your answer as a decimal, with exactly 2 digits to the right of the decimal (for example, "0.99", not "99\%") Step by Step Solution
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