The records of Marshall Company include the following: Average total assets $3,500,000 Average total liabilities 1,220,000 Total revenue 4,580,000 Total expenses (including income tax) 4,100,000 Interest expense (included in total expenses) 90,000 Income tax rate 40% What was the financial leverage percentage for Marshall Company?

10:09 portal.lioneducation.net .... Suggested practice 31; 37; 46; 52; 53; 54. Hwk Assignment: The records of Marshall Company include the following: Average total assets 3,500,000 Average total liabilities Total revenue Total expenses (including income tax) 4,100,000 Interest expense (included in total expenses 90,000 Income tax rate 1,220,000 4,580,000 40% What was the financial leverage percentage for Marshall Company? Review T/F questions: Since financial statements report on past results, they are not particularly useful to investors and creditors, who want to predict future returns and their risks. 2. Trend analysis involves comparing data on one financial statement with other data on the same financial statement