A Firm Has Sales of $1,200, Net Income of $200

question 19

Multiple Choice

A firm has sales of $1,200, net income of $200, net fixed assets of $500, and current assets of $300.The firm has $100 in inventory.What is the common-size statement value of inventory?

• A)8.3%
• B)12.5%
• C)20.0%
• D)33.3%
• E)50.0%

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Definitions:

Identity Foreclosure

A stage of identity development in which an individual has prematurely committed to an identity without adequate exploration of other options.

Identity Disorder

A psychological condition where an individual experiences confusion or dissonance regarding their personal identity, which can affect their sense of self and overall well-being.

Erik Erikson

A developmental psychologist known for his theory on the psychosocial development of humans, outlining eight stages from infancy to adulthood.

Core Identity

The fundamental sense of who one is, encompassing self-image, individuality, and personality traits.