4) Assume that revenue is $180 million, cost of goods sold is $50 million, total assets...

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Finance

4) Assume that revenue is $180 million, cost of goods sold is$50 million, total assets are $800 million and inventories are$80million. On the common size statements, inventories would havean approximate value of _ and cost of goods sold would have anapproximate value of _

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Solution Calculation of Common size Balance Sheet Ratio The common size balance sheet is prepared by expressing each of the balance sheet items as a fraction of total assets It involves converting each balance item into a ratio expressed as a percentage of total assets See Answer

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4) Assume that revenue is $180 million, cost of goods sold is$50 million, total assets are $800 million and inventories are$80million. On the common size statements, inventories would havean approximate value of ___ and cost of goods sold would have anapproximate value of ___

4) Assume that revenue is $180 million, cost of goods sold is $50 million, total assets...

50.1K

Verified Solution

Question

Finance

4) Assume that revenue is $180 million, cost of goods sold is$50 million, total assets are $800 million and inventories are$80million. On the common size statements, inventories would havean approximate value of _ and cost of goods sold would have anapproximate value of _

Answer & Explanation Solved by verified expert

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