Question
Premcor Company has sales of $532,000, net income of $74,000, net fixed assets of $472,000, and current assets of $135,000, of which $85,000 is inventory.
Premcor Company has sales of $532,000, net income of $74,000, net fixed assets of $472,000, and current assets of $135,000, of which $85,000 is inventory. What is the common-size statement value of inventory?
| 15.41% | ||
| 15.03% | ||
| 14.57% | ||
| 14.00% | ||
| 13.69% |
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International Financial Management
Authors: Geert Bekaert, Robert J. Hodrick
2nd edition
013299755X, 132162768, 9780132997553, 978-0132162760
