Manchester Technology Has the Following Data Available If a Common Size Balance Sheet Were Prepared,what Percentage Would

question 9

Multiple Choice

Manchester Technology has the following data available: $\begin{array} { l l } \text { Inventory , December 31, 2013 } & \$ 120 \\\text { Inventory , December 31, 2012 } & \$ 200 \\\text { Total Assets, December 31, 2013 } & \$ 630 \\\text { Total Assets, December 31, 2012 } & \$ 585 \\\text { Total Liabilities, December 31, 2013 } & \$ 320 \\\text { Total Liabilities, December 31, 2012 } & \$ 300\end{array}$
If a common size balance sheet were prepared,what percentage would be attributable to the 2013 inventory of Manchester Technology?

• A)19.0%
• B)21.6%
• C)38.7%
• D)52.2%
• E)60.0%

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Definitions:

Lewis Dot Structures

Diagrams that show the bonding between atoms of a molecule and the lone pairs of electrons that may exist.

Valence Electrons

The electrons in the outer shell of an atom that are available for forming bonds with other atoms.

B

In the context of the periodic table, "B" stands for Boron, a chemical element with atomic number 5, known for its ability to form covalent bonds.

Si

The chemical symbol for silicon, a hard, brittle crystalline solid used in semiconductors and as a component of various alloys.