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3 years ago

The following accounting data is used for questions 8 and 9:

Business

1 answer:

ikadub [295]3 years ago

6 0

Answer:

Explanation:

Walsh’s percentage invested in inventory is closest to the result of the amount invested in inventory divided by the total asset then expressed as a percentage.

Mathematically,

percentage invested in inventory = Inventory balance/ total assets * 100%

This is

= $530,000/$1,170,000 * 100%

= 45.3%

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The Complete Question is as under:

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Answer:

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