Problem:
Russell's Hardware has inventory of $218,000, equity of $421,800, total assets of $647,700, and sales of $587,200.
Required:
Question: 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
Note:Provide specific examples to support your answers.