Question
Last year, Ancient Greek Artifacts Limited posted sales of $3,260,000, net income of $184,000, net fixed assets of $3,200,000, and current assets of $1,440,000. The
Last year, Ancient Greek Artifacts Limited posted sales of $3,260,000, net income of $184,000, net fixed assets of $3,200,000, and current assets of $1,440,000. The firm has $899,000 in inventory. What is the common-size statement value of inventory?
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Practical Financial Management
Authors: William R. Lasher
8th edition
1305637542, 978-1305887237, 1305887239, 978-1305637542
