Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. exercise 3 : a firm has sales of $2,190, net incom

Exercise 3 : A firm has sales of $2,190, net income of $174, net fixed assets...

70.2K

Verified Solution

Question

Finance

Exercise 3 : A firm has sales of $2,190, net income of $174, netfixed assets of $1,600, and current assets of $720. The firm has$310 in inventory. What is the common-size statement value ofinventory? Also explain the implications of common sizeanalysis.

Answer & Explanation Solved by verified expert
3.8 Ratings (676 Votes)
Total assetsNet fixed assets Current assets16007202320 Given that the firm has 310 in inventory Common size statement value of the inventoryInventory balanceTotal    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

Exercise 3 : A firm has sales of $2,190, net income of $174, netfixed assets of $1,600, and current assets of $720. The firm has$310 in inventory. What is the common-size statement value ofinventory? Also explain the implications of common sizeanalysis.

Other questions asked by students

Geometry
1.2K views

Find the length of segment AB given that segment DB is a median of the...

Finance
1.2K views

Explain the concept of the yield curve for bonds and distinguish between the expectations theory and...

Physics
1.2K views

A 80.0 kg ice hockey goalie, originally at rest, catches a 0.150 kg hockey puck slapped...

Physics
1.2K views

1)A 75 kg cyclist races around a circular track at a constant speed of 20 m/s....

Basic Math
1.2K views

Evaluate and write your answer in a + bi form.[2(cos 50 + i sin 50)]6...

Basic Math
1.2K views

A coolant is injected into engine fluid causing the temperature of the engine fluid to...

Algebra
1.2K views

Graph y 1 10 9 8 7 6 5 4 3 2 1 101 9...

Accounting
1.2K views

URGENT! IF EACH ANSWER IS CORRECT, I WILL LEAVE AN UPVOTE ...

Accounting
1.2K views

Abstract In the rapidly changing business environment, the importance of managing a project cannot be...

Accounting
1.2K views

An earned value analysis (EVA) is performed after Month 10 on a 15-month commercial building...

Accounting
1.2K views

Why is there no mixed strategy for player 1? Why is M is dominated by...

Accounting
1.2K views

Use one example to explain what is moral hazard problem in finance industry. How should...