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:

School Development Programs

School development programs are initiatives aimed at improving the quality of education, facilities, and staff within schools to foster a better learning environment for students.

National Network of Partnership Schools

An organization that focuses on improving and facilitating partnerships between schools, families, and communities to foster a conducive learning environment for students' academic and social development.

Well-Functioning Families

Families that demonstrate healthy relationships, effective communication, and the ability to support each member’s well-being and development.

Identities

The qualities, beliefs, personality, looks, and/or expressions that make a person (self-identity) or group (particular social category or social group).