A retailer has total assets of $6,000,000 and a net worth of $3,000,000. What is the retailer's financial leverage ratio?
a. .5 times
b. 2.0 times
c. 50 percent
d. 75 percent
e. 100 percent
Answer: B
Marketing MCQ
Retailing Chapter 2
A retailer has total assets of $6,000,000 and a net worth of $3,000,000. What is the retailer's financial leverage ratio?