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5. Degree of financial leverage = % Change in EPS % Change in EBIT 4,935,000 = 104.44% or 4.45% 4.48% = DFL: 1.0 for question

5. Degree of financial leverage = % Change in EPS % Change in EBIT 4,935,000 = 104.44% or 4.45% 4.48% = DFL: 1.0 for question 1 3,810,000 = .81 or 19% change 17.31% = DFL: .91 for question 3

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