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The following financial statement items are shown for J&T Manufacturing.Inventory$ 24,000Total ...
exteesy07
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The following financial statement items are shown for J&T Manufacturing.Inventory$ 24,000Total ...
The following financial statement items are shown for J&T Manufacturing.
Inventory
$ 24,000
Total assets
120,000
Salaries payable
12,000
Total liabilities
52,000
Calculate the common-size percentage for inventory.
▸ 8%
▸ 14%
▸ 500%
▸ 20%
Textbook
Managerial Accounting
Edition:
4
th
Author:
Davis
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More solutions for this book are
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20%
$24,000 ÷ $120,000 = 20%
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exteesy07
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I appreciate what you did here, answered it right
momochiime
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this is exactly what I needed
Evolution
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Good timing,
thanks!
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