On its most recent annual financial statements wilmington, Ask an Expert

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On its most recent annual financial statements, Wilmington Casket Company reported total assets of $750,000, total equity of $519,000, sales of $475,000, net income of $98,000 and interest expense of $12,400. What is the common-size statement value of Wilmington's interest expense?

a) 0.22 percent

b) 1.65 percent

c) 2.61 percent

d) 9.01 percent

e) 12.65 percent

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Financial Management, Finance

Category:- Financial Management
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