A firm has inventory of $11,400, accounts payable of $9,800, cash of $850, net fixed assets...
A firm has inventory of $11,400, accounts payable of $9,800, cash of $850, net fixed assets of $12,150, long-term debt of $9,500, accounts receivable of $6,600, and total equity of $11,700. What is the common-size percentage for the net fixed assets?
a) 26.67 percent
b) 48.75 percent
c) 39.19 percent
d) 42.08 percent
I already got this question wrong, but i dont know why. Any help would be great!
Homework Answers
Net Fixed Asset common-size percent
= Net Fixed Asset/Total Assets
= Net Fixed Asset/(Current Assets + Net Fixed Assets)
= Net Fixed Asset/(Cash+ Accounts Receivables Inventory + Net Fixed Assets)
=$12,150/($850 + $6,600 + $11,400 + $12,150)
= $12,150/($850 + $6,600 + $11,400 + $12,150)
=$12,150/$31,000
=0.3919
Or 39.19 percent
Hence Option C correct
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