Inventory Assignment | Professional Writing

1. ABC Co’ has inventory of \$280,100, equity of \$538,800, total assets of \$1,000,000, and sales of \$1,027,400. What is the common-size percentage for the inventory account? A. 28.01 percent B. 34.76 percent C. 51.52 percent D. 21.92 percent E. 37.18 percent

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2. Globalstar Co’ has inventory of \$6,000, accounts payable of \$17,400, cash of \$1,250, net fixed assets of \$318,650, long-term debt of \$109,500, and accounts receivable of \$16,600.

What is the common-size percentage of equity? A. 45.61 percent B. 17.15 percent C. 16.57 percent D. 41.78 percent E. 62.95 percent

3. MartWal Inc has net income of \$100,400, total assets of \$1,219,000, total equity of \$694,100, and total sales of \$2,521,700. What is the common-size percentage for the net income? A. 19.50 percent B. 17.41 percent C. 21.73 percent D. 11.50 percent E. 3.98 percent

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