Measurement of performance and financial leverage 2014 2013 Total assets $ 7,349,000 $ 6,553,000 Interest expense $ 115,000 $ 102,000 Long-term

financial leverage? If so is the leverage favourable or unfavourable? Explain

2014(a)Asset turnover=6,996,000/6,553,000=1.068Return on sales=563,000/6,996,000=0.08Return on assets=563,000/6,553,000= 0.09Return on Equity563,000/3,221,000=0.175(b) In relation to the...