The McGraw-Hill 36-Hour Course: Finance for Non-Financial Managers 3/E, 3rd Edition

*For instance, in Fig. 12-4, inventory at the end of last year was $350,000. Dividing that by total assets of $715,000 gives us 0.490, or 49.0 percent. Dividing the prior year’s inventory by the prior year’s total assets ($325,000 divided by $697,000) equals 0.466, or 46.6 percent.