For the average manufacturing firm, accounts receivable are about what share of total assets?

1. Accounts receivable represent sales for which the firm has not yet been paid. 2. Because the product has gone out but the cash has not come in, receivables are a use of funds. 3. For the average manufacturing firm they are about 15 to 20 percent of total assets. 4. Inventory sits at a similar weight, nearly 20 percent of total assets in a typical manufacturing firm, so the two together tie up a large slice of the balance sheet. _Source: OpenStax Introduction to Business (CC BY 4.0), Ch 16 "Understanding Financial Management and Securities Markets", section 16.2 How Organizations Use Funds_