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

---

Definitions:

Implicit Memory

A type of memory in which previous experiences aid in the performance of a task without conscious awareness of these previous experiences.

Reconstructive

Pertaining to the process of rebuilding or forming an approximation of past events or experiences, often used in the context of memory.

Sir Frederic Bartlett

A British psychologist and the first professor of experimental psychology at the University of Cambridge, known for his work on memory and cognitive psychology.

Wax Tablet

An ancient writing surface made of wood covered with a layer of wax, used for writing with a stylus.