At the end of the current year, Twin Peaks Inc. reported the following information:
Sales $263,000
Operating income 97,600
Average total assets 459,000
Average stockholders' equity 259,000
Compute the financial leverage of Twin Peaks. (Round the answer to two decimal places.)
a. 1.33 times
b. 2.49 times
c. 0.78 times
d. 1.77 times
Sales $263,000
Operating income 97,600
Average total assets 459,000
Average stockholders' equity 259,000
Compute the financial leverage of Twin Peaks. (Round the answer to two decimal places.)
a. 1.33 times
b. 2.49 times
c. 0.78 times
d. 1.77 times