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Author Question: The following financial statement items are shown for J&T Manufacturing.Inventory$ 24,000Total ... (Read 26 times)

Adc3669

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Question 1

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%

Question 2

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 salaries payable.
◦ 10%
◦ 433%
◦ 23%
◦ 7%


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Marked as best answer by Adc3669 on Feb 5, 2023

ealonif

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Adc3669

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Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it


jomama

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Reply 3 on: Yesterday
Excellent

 

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