Problem:
A firm has sales of $1,140, net income of $218, net fixed assets of $528, and current assets of $284. The firm has $93 in inventory. What is the common-size statement value of inventory?
- 42.66 percent
- 8.16 percent
- 32.75 percent
- 17.61 percent
- 11.45 percent
Note: Explain all calculation and formulas.