A Firm Has Inventory of $46,500, Accounts Payable of $17,400

question 9

Multiple Choice

A firm has inventory of $46,500, accounts payable of $17,400, cash of $1,250, net fixed assets of $318,650, long-term debt of $109,500, and accounts receivable of $16,600.What is the common-size percentage of the equity?

• A)70.60 percent
• B)70.12 percent
• C)66.87 percent
• D)42.08 percent
• E)68.75 percent

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Definitions:

Red Price

There is no standard definition for this term in economics; it may be used informally to denote a specific pricing strategy or condition but lacks a general meaning.

Bubble Gum

A variety of gum that can be blown into a bubble from the mouth.

Ambrosia

In mythology, ambrosia is often considered the food or drink of the gods, granting longevity or immortality upon consumption.

Ambrosia

In classical mythology, the food of the gods, or in general usage, something extremely pleasing to taste or smell.