Assume a business provided the following excerpts from its balance sheet and income statements shown below Current assets Total asset Current liabilities Total liabilities Total stockholders' equity Ending Balance $ 120,000 $ 480,000 S 80.000 5 174,600 $ 305,400 Deginning Balance $ 140,000 $ 380,000 $ 70,000 $ 174.000 $ 206,000 Sales Cost of goods sold Gross margin Selling and administrative expensen Net operating income Interest expense Net Income before taxes Income taxes Net income $1,000,000 600,000 400,000 250,000 150,000 8,000 142.000 42,600 $ 99,400 In a common-size income statement, the percentage that would accompany interest expense would be closest to Multiple Choice 1 Multiple Choice LH0 O 0.80% 4,55% 805% 13 of 50 Next >