FedEx Enterprises has the following account balances: Inventory: $14,800 Accounts payable: $13,100 Cash: $1,450 Net fixed assets: $15,700 Long-term debt: $14,200 Accounts receivable: $7,300 Total equity: $13,900 What is the common-size percentage for the net fixed assets?
FedEx Enterprises has the following account balances: Inventory: $14,800 Accounts payable: $13,100 Cash: $1,450 Net fixed assets: $15,700 Long-term debt: $14,200 Accounts receivable: $7,300 Total equity: $13,900 What is the common-size percentage for the net fixed assets?
Chapter3: Analysis Of Financial Statements
Section: Chapter Questions
Problem 8P
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Transcribed Image Text:FedEx Enterprises has the following account balances:
Inventory: $14,800
Accounts payable: $13,100
Cash: $1,450
Net fixed assets: $15,700
Long-term debt: $14,200
Accounts receivable: $7,300
Total equity: $13,900
What is the common-size percentage for the net fixed assets?
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