Review of the financial statements revealed the following for Jekyll Inc.: sales $1,250,000,net income $37,500,total assets $650,000,long-term debt $750,000,interest expense $65,000 and cost of goods sold $775,000.When preparing common-size financial statements,interest expense would be shown as
A)10.0%.
B)9.3%.
C)8.4%.
D)5.2%.

Question

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The Answer of Review of the financial statements revealed the following for Jekyll Inc.: sales $1,250,000,net income $37,500,total assets $650,000,long-term debt $750,000,interest expense $65,000 and cost of goods sold $775,000.When preparing common-size financial statements,interest expense would be shown as
A)10.0%.
B)9.3%.
C)8.4%.
D)5.2%.

Review of the Financial Statements Revealed the Following for Jekyll