A company, Ridgeway Industries, has the following financial data: . • • • • . . Inventory: $15,200 Accounts payable: $12,500 Cash: $1,100 Net fixed assets: $18,300 Long-term debt: $10,700 Accounts receivable: $8,400 Total equity: $14,000 What is the common-size percentage for the net fixed assets?
A company, Ridgeway Industries, has the following financial data: . • • • • . . Inventory: $15,200 Accounts payable: $12,500 Cash: $1,100 Net fixed assets: $18,300 Long-term debt: $10,700 Accounts receivable: $8,400 Total equity: $14,000 What is the common-size percentage for the net fixed assets?
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...
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Financial Accounting Question
Transcribed Image Text:A company, Ridgeway Industries, has the following financial
data:
.
•
•
•
•
.
.
Inventory: $15,200
Accounts payable: $12,500
Cash: $1,100
Net fixed assets: $18,300
Long-term debt: $10,700
Accounts receivable: $8,400
Total equity: $14,000
What is the common-size percentage for the net fixed assets?
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