A firm has sales of $3,340, net income of $274, net fixed assets of $2,600, and current assets of $920. The firm has $430 in inventory. What is the common-size statement value of inventory?

12.22%

Explanation:

As per the formula of common size statement that is

Inventory / total assets

here we have,

inventory =

and

total assets are sum of fixed and current assets

total asset = $2,600 + $920

total assets =

now just solving via formula

common-size statement = $ 430 / $ 3520

common-size statement = 12.22%