A firm has inventory of $11, 400, accounts payable of $9, 800, cash of $850, net fixed assets of $12, 150, long-term debt of $9,500, accounts receivable of $6, 600, and total equity of $11, 700. What is the common-size percentage for the net fixed assets? a) 26.67 percent. b) 48.75 percent. c) 39.19 percent. d) 42.08 percent.
A firm has inventory of $11, 400, accounts payable of $9, 800, cash of $850, net fixed assets of $12, 150, long-term debt of $9,500, accounts receivable of $6, 600, and total equity of $11, 700. What is the common-size percentage for the net fixed assets? a) 26.67 percent. b) 48.75 percent. c) 39.19 percent. d) 42.08 percent.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 49E
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Transcribed Image Text:A firm has inventory of $11, 400, accounts payable of $9, 800, cash of $850, net fixed assets of $12, 150, long-term debt of $9,500,
accounts receivable of $6, 600, and total equity of $11, 700. What is the common-size percentage for the net fixed assets?
a) 26.67 percent.
b) 48.75 percent.
c) 39.19 percent.
d) 42.08 percent.
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