St.Petersburg Corporation
Use the information obtained from the comparative financial statements included in the St.Petersburg Corporation's 2012 annual report that is presented below to answer the questions that follow.All amounts are in thousands of dollars.
Refer to the financial information for St.Petersburg Corporation.
REQUIRED:
During 2012,has St.Petersburg successfully employed favorable leverage based on the average cost of capital? What action should the company take?

Question

St.Petersburg Corporation
Use the information obtained from the comparative financial statements included in the St.Petersburg Corporation's 2012 annual report that is presented below to answer the questions that follow.All amounts are in thousands of dollars.
  Refer to the financial information for St.Petersburg Corporation.
REQUIRED:
During 2012,has St.Petersburg successfully employed favorable leverage based on the average cost of capital? What action should the company take?

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The Answer of St.Petersburg Corporation
Use the information obtained from the comparative financial statements included in the St.Petersburg Corporation's 2012 annual report that is presented below to answer the questions that follow.All amounts are in thousands of dollars.
  Refer to the financial information for St.Petersburg Corporation.
REQUIRED:
During 2012,has St.Petersburg successfully employed favorable leverage based on the average cost of capital? What action should the company take?

St.Petersburg Corporation Use the Information Obtained from the Comparative Financial Statements Included