Doug's Boat Shop, Inc. reports operating income of $230,000 and interest expense of $27,600. The...
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Doug's Boat Shop, Inc. reports operating income of $230,000 and interest expense of $27,600. The average common stockholders' equity during the year was $30,000. The beginning assets balance is $55,000 and ending assets balance is $200,000. What is the leverage ratio? (Round your final answer to two decimal places.) OA. 8.50 OB. 15.25 OC. 4.25 OD. 8.79 
A. 8.50 B. 15.25 c. 4.25 D. 870
Doug's Boat Shop, Inc. reports operating income of $230,000 and interest expense of $27,600. The average common stockholders' equity during the year was $30,000. The beginning assets balance is $55,000 and ending assets balance is $200,000. What is the leverage ratio? (Round your final answer to two decimal places.) OA. 8.50 OB. 15.25 OC. 4.25 OD. 8.79
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