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Common size statement value

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18. A firm has sales of $1,500, net income of $100, total assets of $1,000, and total equity of $700. Interest expense is $50. What is the common-size statement value of the interest expense?

A. 3.3%
B. 5.0%
C. 7.1%
D. 16.7%
E. 50.0%.

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18. A firm has sales of $1,500, net income of $100, total assets of ...

Solution Summary

Common size statement value is explicated in the solution.

$2.19