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28 . Suppose Mr . Stark decides to finance his business expansion . He gets a $20 ,000 loan from the bank with fixed interest
28 . Suppose Mr . Stark decides to finance his business expansion . He gets a $20 ,000 loan from the bank with fixed interest payments of $1 , 100 per month . If each cart sells 4 000 hot dogs , what is Tony Stark's degree of financial leverage ? * Hint : TR - TO - EBIT A ) 100 B ) 103 9 170 D ) 2.30
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Financial Accounting and Reporting a Global Perspective
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
4th edition
978-1408066621, 1408066629, 1408076861, 978-1408076866
