Question: Using the table below, what is the entry on the common size balance sheet for inventory? Consolidated Balance Sheets At June 30, 2020 (Dollars in

Using the table below, what is the entry on the common size balance sheet for inventory?

Using the table below, what is the entry on the
Consolidated Balance Sheets At June 30, 2020 (Dollars in Millions Except Share and Per Share data) Common Size Assets Balance Sheet Balance Sheet Current Assets Cash $150 1.4% Receivables 3,000 Inventory 4,800 Other current assets 200 1.9% Total current assets 8,150 76.9% Property & equipment 2,000 18.9% Other noncurrent assets 450 4.2% Total Assets 10,600 100.0% Liabilities & Shareholders' Equity Current Liabilities Accounts payable 650 6.1% Other current liabilities 880 8.3% Total current liabilities 1,530 14.4% Long-term debt 3,220 Deferred Taxes 180 1.7% Total Liabilities 4,930 46.5% Shareholders' equity Preferred Stock 1,000 9.4% Common Stock 2,000 18.9% Accumulated other income 500 4.7% Retained earnings 2,700 25.5% Less: treasury stock, at cost (530) (5.0%) Total shareholders' equity 5,670 53.5% Total Liabilities & Shareholders' Equity 10,600 100.0%

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