A firm had the following for 2018: Total liabilities of $345,000 Sales of...
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A firm had the following for 2018: Total liabilities of $345,000 Sales of $842,000 Total Current Assets of $375,000 Common stock of $900,000 Retained earnings of $755,000 Net Income of $46,300 Interest expense of $19,500 Inventory of $115,000 What is the common-size value of inventory (percentage)? **** Make sure that your calculator is set at FOUR decimal places. Show the answer in percentage to two decimal places (e.g. .1562 = 15.62%)
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