Multiple Choice
A firm has sales of $3,400, net income of $390, total assets of $4,500, and total equity of $2,750. Interest expense is $40. What is the common-size statement value of the interest expense?
A) 0.89 percent
B) 1.18 percent
C) 3.69 percent
D) 10.26 percent
E) 14.55 percent
Correct Answer:
Verified
Correct Answer:
Verified
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