Question
9. Consider the following information: Sales: $2,000,000 Interest expense: $90,000 Variable costs: $500,000 Taxes: 88,000 Fixed costs: 1,000,000 If sales increase by 7%, what should
9. Consider the following information:
Sales: $2,000,000 Interest expense: $90,000 Variable costs: $500,000 Taxes: 88,000 Fixed costs: 1,000,000
If sales increase by 7%, what should be the increase in earnings per share?
a) 21.01% b) 10.87% c) 25.60% d) 17.07% e) 8.54%
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Fundamentals Of Institutional Asset Management
Authors: Frank J Fabozzi, Francesco A Fabozzi
1st Edition
9811220034, 9789811220036
