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At the end of the current year, Auburn Inc. reported the following information: ...

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Accounting

At the end of the current year, Auburn Inc. reported the following information:
Sales $237,000
Operating income 70,200
Average total assets 355,000
Average stockholders' equity 181,000
Compute the financial leverage of Auburn. (Round the answer to two decimal places.)
a.1.47 times
b.2.76 times
c.0.86 times
d.1.96 times

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