Russell's Hardware has inventory of $218,000, equity of $421,800, total assets of $647,700, and sales of $587,200. What is the common-size percentage for the inventory account?
A. 26.81 percent
B. 33.66 percent
C. 37.12 percent
D. 49.09 percent
E. 51.68 percent

The common-size analysis involves comparing income statement items to revenue while balance sheet items are related to total assets, hence, the inventory account is a balance sheet item that would need to compared to total assets.

Common-size percentage= inventory/total assets.

inventory=$218,000

total assets=$647,700

Common-size percentage=$218,000/$647,700

Common-size percentage=33.66%

Russell's Hardware has inventory of $218,000, equity of $421,800, total assets of $647,700, and sales of $587,200. What is the common-size percentage for the inventory account? A. 26.81 percent B. 33.66 percent C. 37.12 percent D. 49.09 percent E. 51.68 percent

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Russell's Hardware has inventory of $218,000, equity of $421,800, total assets of $647,700, and sales of $587,200. What is the common-size percentage for the inventory account?
A. 26.81 percent
B. 33.66 percent
C. 37.12 percent
D. 49.09 percent
E. 51.68 percent