Multiple Choice
A firm has sales of $2,400,net income of $125,total assets of $1,100,and total equity of $750.Interest expense is $200.What is the common-size statement value of the interest expense?
A) 13.33%
B) 7.10%
C) 8.33%
D) 18.18%
E) 26.67%
Correct Answer:
Verified
Correct Answer:
Verified
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