A Vancouver Firm Has Sales of $1,640, Net Income of $135

question 306

Multiple Choice

A Vancouver firm has sales of $1,640, net income of $135, net fixed assets of $1,200, and current assets of $530. The firm has $280 in inventory. What is the common-size statement value of inventory?

• A) 15.01 %
• B) 15.68 %
• C) 16.18 %
• D) 30.42 %
• E) 52.83 %

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Definitions:

Motivation

The driving force behind an individual's actions, desires, and needs.

Political Conservatives

Individuals who generally prefer to uphold traditional values and are cautious about embracing change or innovation, often emphasizing free enterprise, private ownership, and socially conservative ideas.

Political Liberals

Individuals who typically advocate for social equality, personal freedoms, and governmental interventions to address social inequalities.

Personal Dispositions

Enduring characteristics or tendencies that influence behaviors and attitudes across different situations and times.