Shareholders' equity is equal to:

a.

net fixed assets minus long-term debt plus net working capital.

b.

total assets minus net working capital.

c.

total assets plus total liabilities.

question 2

Lola Lollipops has inventory of $147,500, equity of $320,000, total assets of $800,780, and net sales of $658,800. What is the common-size percentage for the inventory account?

a.

18.42 percent

b.

22.39 percent

c.

46.09 percent