Answer:
11.90%
Explanation:
Given that,
Sales of the firm = $1,210
Net income = $225
Net fixed assets = $542
Current assets = $298
Inventory = $100
Total assets:
= Net fixed assets + Current assets
= $542 + $298
= $840
Common-size balance sheet value of inventory:
= Inventory ÷ Total assets
= $100 ÷ $840
= 0.1190 or 11.90%