Bad credit, defined by FICO as a score of 300 to 629, is a common reason that lenders reject small-business loan applications. Borrowers with poor credit scores are considered at higher risk of defaulting on a loan. Still, even with bad credit, you have financing options, including online loans.
Answer:
The answer is E. 12.22 percent.
Explanation:
The calculation for common-size percentage is: (Amount / Base amount) x 100.
On the balance sheet or financial position the base is total assets and on the income statement the base is net sales.
The common-size statement value of inventory will be:
Value of inventory/total assets.
Total assets = $2,600 + $920
=$3,520
Value of inventory = $430
Therefore, we have:
($430/$3,520) x 100
12.22percent.
True. With competition in a market, firms have to compete to stay ahead of the others
