Solved

A Firm Has Sales of $3,900,net Income of $1,304,total Assets

Question 1

Multiple Choice

A firm has sales of $3,900,net income of $1,304,total assets of $4,200,and total equity of $2,850.Interest expense is $80.What is the common-size statement value of the interest expense?


A) 1.90%
B) 5.10%
C) 2.05%
D) 8.18%
E) 6.13%

Correct Answer:

verifed

Verified

Related Questions

Q3: Vaun's Pet Store paid $24,300 in interest

Q4: A common-size income statement expresses dividends as

Q5: Burnside's has accounts receivable of $42,600,inventory of

Q7: The sustainable rate of growth can be

Q8: The Golden Slipper has sales of $487,900,EBIT

Q9: You have obtained the following information for

Q10: Blue Mountain Foods has net fixed assets

Q11: The quick ratio is calculated as<br>A)current assets

Q78: Ratios that measure how efficiently a firm

Q86: Last year,Bennett's had a PE ratio of