Wildlife Co. reported net income of $12.30 million, interest expense of $0.66 million and is are in a 30% tax rate bracket. Wildlife's average total assets are $81.80 million and average stockholders' equity is $51.80 million. Wildlife's financial leverage percentage is closest to: (Do not round intermediate computations)

9.0%

8.7%

7.9%

8.1%

Answer rating: 100% (QA)

Return on equity ratio Net income Average stockholders eq... View the full answer