Consolidated Industries' Financial Statements show the following: Net Income = 1,000; Sales = 8,000 Inventory = 500; Accounts Payable = 1,200; Salaries = 700; Rent = 400; Current Assets = 2,800; Current Liabilities = 2,400; Total Liabilities = 3,600; Total Assets = 7,000; Total Equity = 3,400. What is the Common Sized Value for Inventory? Question 9 options: 14.7% 50.0% 7.1% 6.3% 17.9%
Consolidated Industries' Financial Statements show the following: Net Income = 1,000; Sales = 8,000 Inventory = 500; Accounts Payable = 1,200; Salaries = 700; Rent = 400; Current Assets = 2,800; Current Liabilities = 2,400; Total Liabilities = 3,600; Total Assets = 7,000; Total Equity = 3,400. What is the Common Sized Value for Inventory? Question 9 options: 14.7% 50.0% 7.1% 6.3% 17.9%
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
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Question
Consolidated Industries' Financial Statements show the following: Net Income = 1,000; Sales = 8,000 Inventory = 500; Accounts Payable = 1,200; Salaries = 700; Rent = 400; Current Assets = 2,800; Current Liabilities = 2,400; Total Liabilities = 3,600; Total Assets = 7,000; Total Equity = 3,400. What is the Common Sized Value for Inventory?
Question 9 options:
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14.7%
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50.0%
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7.1%
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6.3%
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17.9%
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Expert Solution
Step 1
Inventory = 500
Total Assets = 7,000
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