Multiple Choice
Review of the financial statements revealed the following for Jekyll Inc.: sales $1,250,000,net income $37,500,total assets $650,000,long-term debt $750,000,interest expense $65,000 and cost of goods sold $775,000.When preparing common-size financial statements,interest expense would be shown as
A) 10.0%.
B) 9.3%.
C) 8.4%.
D) 5.2%.
Correct Answer:
Verified
Correct Answer:
Verified
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