Multiple Choice
A firm has sales of $3,200,net income of $390,total assets of $4,500,and total equity of $2,750.Interest expense is $50.What is the common-size statement value of the interest expense?
A) 0.89 percent
B) 1.56 percent
C) 3.69 percent
D) 10.26 percent
E) 14.55 percent
Correct Answer:
Verified
Correct Answer:
Verified
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