Question
Abstract Corporations 2014 EBIT and EPS were $10 million and $1.80 respectively. In 2015, the companys EBIT and EPS were $12 million and $2.20 respectively.
Abstract Corporations 2014 EBIT and EPS were $10 million and $1.80 respectively. In 2015, the companys EBIT and EPS were $12 million and $2.20 respectively. Given this information, calculate the companys degree of financial leverage.
Multiple Choice
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1.22
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1.44
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1.11
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1.00
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1.33
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Money, Banking And Financial Markets
Authors: Stephen G. Cecchetti, Kermit L. Schoenholtz
3rd Global Edition
1259071197, 9781259071195
