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Home Q & A Board Other Fields Homework Help Business Accounting
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exteesy07 exteesy07
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A month ago
The following financial statement items are shown for J&T Manufacturing.

Inventory$  24,000
Total assets120,000
Salaries payable12,000
Total liabilities52,000

Calculate the common-size percentage for inventory.

▸ 8%

▸ 14%

▸ 500%

▸ 20%
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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rotatorrorotatorro
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A month ago
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20%

$24,000 ÷ $120,000 = 20%
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exteesy07 Author
wrote...

A month ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
momochiime
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Yesterday
this is exactly what I needed
Evolution
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2 hours ago
Good timing, thanks!
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