Question
Wildlife Co. reported net income of $12.55 million, interest expense of $0.67 million and is in a 35% tax rate bracket. Wildlife's average total assets
Wildlife Co. reported net income of $12.55 million, interest expense of $0.67 million and is in a 35% tax rate bracket. Wildlife's average total assets are $82.80 million and average stockholders' equity is $52.00 million. Wildlife's financial leverage percentage is closest to:
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Auditing Integrated Concepts And Procedures
Authors: Donald H. Taylor, G. William Glezen
5th Edition
0471524239, 978-0471524236
