The records of Twain Company include the following: What is the financial leverage percentage (rounded to the nearest percent)?
A) 9%
B) 4%
C) 5%
D) 7%

Question

The records of Twain Company include the following:  What is the financial leverage percentage (rounded to the nearest percent)?
A) 9% 
B) 4% 
C) 5% 
D) 7%

Quizplus · Accepted Answer

The financial leverage percentage can be calculated by dividing Total Debt by Total Assets and multiplying the result by 100. Based on the given records, Total Debt is not provided. Therefore, we cannot calculate the financial leverage percentage. The answer cannot be determined.

The Records of Twain Company Include the Following: What