Change the Percent to a Fraction in Lowest Terms

question 117

Short Answer

Change the percent to a fraction in lowest terms.
83%

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Definitions:

Inventory Balance

The total value of all the goods and materials held by a company for resale or production purposes at the end of an accounting period.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since it was acquired, reflecting its loss of value over time.

Translated Income Statement

An income statement that has been converted from one currency to another, typically involved in the financial reporting of multinational companies.

Gain or Loss

The financial result from a transaction when the selling price of an asset differs from its original purchase price.