Doug's Boat Shop, Inc. reports operating income of $230,000 and interest expense of $27,600. The...
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Doug's Boat Shop, Inc. reports operating income of $230,000 and interest expense of $27,600. The average common stockholders' equity during the year was $30,000. The beginning assets balance is $55,000 and ending assets balance is $200,000. What is the leverage ratio? (Round your final answer to two decimal places.) OA. 8.50 OB. 15.25 OC. 4.25 OD. 8.79
A. 8.50 B. 15.25 c. 4.25 D. 870
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