QUESTION :
 Categories | Values | ||
 Sales | $ | 50,800,000 |  |
Cost of goods sold | $ | 25,400,000 | Â |
Variable expenses | $ | 8,350,000 | Â |
 Fixed expenses | $ | 8,420,000 |  |
Inventory | $ | 6,210,000 | Â |
 Accounts receivable | $ | 3,280,000 |
|
 Other current assets | $ | 4,280,000 |
|
 Fixed assets | $ | 24,000,000 |
|
|
| 1.607 | Â |
 | |||
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The managers of the firm claim that the return on net worth for the firm is 60.4. If the return on assets is 22.85%, then what financialleverage is required to achieve this return? (Round your answer to 2 decimal places.) |
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 Financial leverage |  |
13 years ago
CORRECT SOLUTION :
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