Solve the Problem. -Paint 'N Panel Claims That of Its 6,164 Items in 6,164

question 58

Multiple Choice

Solve the problem.
-Paint 'n Panel claims that of its 6,164 items in inventory, 5,452 items are paint, while the rest are non-paint. What percent of total inventory is non-paint? Round to the nearest tenth.

• A)11.6%
• B)88.4%
• C)0.9%
• D)8.7%

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Definitions:

Common Stock

A type of equity ownership in a corporation, representing a claim on a portion of the company's profits and assets.

Market Value

The current price at which an asset or service can be bought or sold, determined by the supply and demand dynamics in the open market.

Dividend

A share of a company's profits distributed to its shareholders, usually on a regular basis, as determined by the board of directors.

Dividend Yield

Dividend yield is a financial ratio that indicates how much a company pays out in dividends each year relative to its stock price.