Solution-Calculate the common-size percentage for inventory

Calculate the common-size percentage for inventory

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Reference no: EM132956970

Questions -

Q1. The following financial statement items are shown for Pharoah Manufacturing.

Inventory $40963

Total assets 137000

Salaries payable 29000

Total liabilities 69000

Calculate the common-size percentage for inventory.

Q2. Sunland Company's accounts receivable account balance was $119000 at the beginning of the year and $139111 at the end of the year. Sunland's percentage change calculation at the end of the current year is?

Reference no: EM132956970

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Calculate the common-size percentage for inventory

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Reference no: EM132956970

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