A firm has sales of $3,400, net income of $390, total assets of $4,500, and total equity

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A firm has sales of $3,400, net income of $390, total assets of $4,500, and total equity of $2,750. Interest expense is $40. What is the common-size statement value of the interest expense?

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Contemporary Financial Management

ISBN: 9780324289114

10th Edition

Authors: James R Mcguigan, R Charles Moyer, William J Kretlow

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Question Posted: Feb 15, 2018 07:48 AM

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A firm has sales of $3,400, net income of $390, total assets of $4,500, and total equity

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Contemporary Financial Management

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