Question
The records of Marshall Company include the following: Average total assets $4,250,000 Average total liabilities 1,970,000 Total revenue 4,330,000 Total expense (including income tax) 3,950,000
The records of Marshall Company include the following: Average total assets $4,250,000 Average total liabilities 1,970,000 Total revenue 4,330,000 Total expense (including income tax) 3,950,000 Interest expense (included in total expenses) 105,000 Income tax rate 40% The financial leverage percentage is closest to:
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Auditing a business risk appraoch
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
6th Edition
9780324645095, 324645090, 978-0324375589
