29 Jun uestion 51. A firm has sales of $2,
uestion
51. A firm has sales of $2,190, net income of $174, net fixed assets of $1,600, and current assets of $720. The firm has $310 in inventory. What is the common-size statement value of inventory?
A. 13.36 percent
B. 14.16 percent
C. 19.38 percent
D. 30.42 percent
E. 43.06 percent
52. A firm has sales of $3,400, net income of $390, total assets of $4,500, and total equity of $2,750. Interest expense is $40. What is the common-size statement value of the interest expense?
A. 0.89 percent
B. 1.18 percent
C. 3.69 percent
D. 10.26 percent
E. 14.55 percent
53. Last year, which is used as the base year, a firm had cash of $52, accounts receivable of $218, inventory of $509, and net fixed assets of $1,107. This year, the firm has cash of $61, accounts receivable of $198, inventory of $527, and net fixed assets of $1,216. What is the common-base year value of accounts receivable?
A. 0.08
B. 0.10
C. 0.88
D. 0.91
E. 1.18
54. Russell’s Deli has cash of $136, accounts receivable of $87, accounts payable of $215, and inventory of $409. What is the value of the quick ratio?
A. 0.31
B. 0.53
C. 0.71
D. 1.04
E. 1.07
55. Uptown Men’s Wear has accounts payable of $2,214, inventory of $7,950, cash of $1,263, fixed assets of $8,400, accounts receivable of $3,907, and long-term debt of $4,200. What is the value of the net working capital to total assets ratio?
A. 0.31
B. 0.42
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