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16. According to our forecasts, next year the return on assets of our business will be 15 percent, total liabilities will amount to 5,000 and
16. According to our forecasts, next year the return on assets of our business will be 15 percent, total liabilities will amount to 5,000 and the average interest rate will be 8 percent. Total assets will be equal to 6,000. What will be the degree of financial leverage? Interpret the result
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Horngrens Accounting Volume 1
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood
11th Canadian Edition
0135359708, 9780135359709
