A Firm Has Inventory of $11,400,accounts Payable of $9,800,cash of $850,net

question 101

Multiple Choice

A firm has inventory of $11,400,accounts payable of $9,800,cash of $850,net fixed assets of $12,150,long-term debt of $9,500,accounts receivable of $6,600,and total equity of $11,700.What is the common-size percentage for the net fixed assets?

• A)19.60 percent
• B)26.67 percent
• C)39.19 percent
• D)42.08 percent
• E)48.75 percent

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Definitions:

Totalitarianism

Totalitarianism is a political system where the state recognizes no limits to its authority and seeks to control every aspect of public and private life.

Authoritarianism

A system of government by and for a small number of elites that does not include representation of ordinary citizens.

Dictatorship

A form of government in which absolute power is concentrated in the hands of a single individual or a small group, often characterized by authoritarian control and lack of democratic processes.

Military Coup

The sudden overthrow of a government by a part of the state establishment – often the military – to replace the removed government with another, either civil or military.