Common-size statement value of interest expense

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Reference no: EM131055032

On its most recent annual financial statements, Wilmington Casket Company reported total assets of $750,000, total equity of $519,000, sales of $475,000, net income of $98,000 and interest expense of $12,400. What is the common-size statement value of Wilmington's interest expense?

a) 0.22 percent

b) 1.65 percent

c) 2.61 percent

d) 9.01 percent

e) 12.65 percent

Reference no: EM131055032

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