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

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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.

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Total assetsNet fixed assets Current assets16007202320 Given that the firm has 310 in inventory Common size statement value of the inventoryInventory balanceTotal    See Answer
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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.

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