The Records of Marshall Company Include the Following The Financial Leverage Percentage Is Closest To:
A) 1

The records of Marshall Company include the following: $$\begin{array} { l r } \text { Average total assets } & \$ 3,500,000 \\\text { Average total liabilities } & 1,220,000 \\\text { Total revenue } & 4,580,000 \\\text { Total expense (including income tax) } & 4,100,000 \\\text { Interest expense (included in total expenses) } & 90,000 \\\text { Income tax rate } 40 \% &\end{array}$$ The financial leverage percentage is closest to:

A) 1.8%
B) 2.8%
C) 5.8%
D) 6.4%