Leverage occurs when a company's
A) interest payment exceed its rate of return.
B) rate of return equals its interest payments.
C) rate of return exceeds its interest payments.
D) interest payments are made on time.
C
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If a company had $250,000 of beginning retained earnings and $285,000 in ending retained earnings, and the company' net income was $45,000, that means the company paid cash dividends of:
a. $20,000 b. $35,000 c. $90,000 d. $10,000 e. None of the answers are correct.
Trade sales promotions are promotion tools directed to ________ firms.
What will be an ideal response?
An analysis procedure that uses percentages to compare each of the parts of an individual statement to a key dollar amount from the financial statements is:
A. Contribution analysis. B. Vertical analysis. C. Horizontal analysis. D. Ratio analysis.
Daniel's business constructs storage sheds for new housing developments as requested by the builders. Daniel's business would best be classified as a
A. service business. B. retailer. C. distribution business. D. production business. E. wholesaler.