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The records of Marshall Company include the following:
Average total assets $4,450,000
Average total liabilities 2,170,000
Total revenue 4,130,000
Total expense (including income tax) 3,910,000
Interest expense (included in total expenses) 109,000
Income tax rate 35%
The financial leverage percentage is closest to: (Round intermediate computations of ratios to one decimal place)
A 0.1%
B 3.1%
C 0.1%
D 3.7%
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