The balance sheet for Ramon Company is given below:

Cash $242
Accounts Receivable 194
Inventory 450
Prepaid Insurance 76
Fixed Assets 390
Accumulated Depreciation (228)
Total Assets $1,124

Accounts payable $152
Wages payable 32
Notes payable 420
Paid-in capital 160
Retained earnings 360
Total liabilities and stockholders' equity $1,124

If a common-size balance sheet was prepared, what would Ramon Company report for inventory?
A) 13.5%
B) 25.2%
C) 34.5%
D) 40.0%

D