Problem:
The Book & Magazine Co. has inventory of $193,000, equity of $395,100, total assets of $578,800, and sales of $612,300.
Required:
Question: What is the common-size percentage for the inventory account?
- 19.82 percent
- 16.20 percent
- 48.85 percent
- 33.34 percent
- 31.52 percent
Note: Show supporting computations in good form.