Question: Provided below is a partial balance sheet for Goodwin Corporation. Amount Cash $500,000 Accounts receivable 400,000 Inventory 300,000 Long-term assets 900,000 Total assets $2,100,000 Using

Provided below is a partial balance sheet for Goodwin Corporation. Amount Cash $500,000 Accounts receivable 400,000 Inventory 300,000 Long-term assets 900,000 Total assets $2,100,000 Using vertical analysis, what percentage is applicable to Inventory? Multiple Choice 60.0% 85.7% 14.3% 30.0%

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