Use the following information for questions:
Review of the financial statements revealed the following for Sonoma Inc.: Sales $1,250,000, Net income $37,500, Total assets $650,000, Long-term debt $750,000, Interest expense $65,000 and Cost of goods sold $775,000.
-When preparing common size financial statements interest expense would be shown as:
A)10.0%
B)9.3%
C)8.4%
D)5.2%

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The Answer of Use the following information for questions:
Review of the financial statements revealed the following for Sonoma Inc.: Sales $1,250,000, Net income $37,500, Total assets $650,000, Long-term debt $750,000, Interest expense $65,000 and Cost of goods sold $775,000.
-When preparing common size financial statements interest expense would be shown as:
A)10.0%
B)9.3%
C)8.4%
D)5.2%

Use the Following Information for Questions