A Retailer Has Total Assets of $6,000,000 and a Net

question 92

Multiple Choice

A retailer has total assets of $6,000,000 and a net worth of $3,000,000.What is the retailer's financial leverage ratio?

• A) .5 times
• B) 2.0 times
• C) 50 percent
• D) 75 percent
• E) 100 percent

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