The Following Fraction Has a Terminating Decimal Equivalent Form

question 287

Short Answer

The following fraction has a terminating decimal equivalent form. Express its decimal and percent equivalent forms to five-figure accuracy:

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Definitions:

Financial Statements

Formal records of the financial activities and position of a business, individual, or other entity.

Financial Statement Accounts

Accounts that appear on the financial statements, including assets, liabilities, equity, revenues, and expenses.

Lower of Cost

A principle stating that inventory must be recorded at either its historical cost or market value, whichever is lower.