A company has inventory of $193,000, equity of $395,100, total assets of $578,800, and sales of $612,300.

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A company has inventory of $193,000, equity of $395,100, total assets of $578,800, and sales of $612,300. What is the common-size percentage for the inventory account?

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Accounting Principles

ISBN: 978-1119048473

7th Canadian Edition Volume 2

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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Posted Date: Apr 04, 2023 12:21 AM

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A company has inventory of $193,000, equity of $395,100, total assets of $578,800, and sales of $612,300.

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To calculate the commonsize percentage for inventory we need to divide th... View the full answer

Accounting Principles

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