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Allied Biscuit Co. forecasts the following income statement for the next year: Income Statement For the Year Ended on December 31 Net sales $960,000 Less:

Allied Biscuit Co. forecasts the following income statement for the next year:

Income Statement For the Year Ended on December 31

Net sales $960,000
Less: Variable costs 532,000
Less: Fixed costs 167,000
EBIT, or NOI $261,000
Less: Interest 141,000
EBT $120,000
Less: Taxes 48,000
Net income $72,000

Allied Biscuit Co. uses no preferred stock in its capital structure. Click on the following lines and calculate the degrees of operating, financial, and total leverage for Allied Biscuit Co.

DOL 1. A 1.39 B. 1.64 C. 1.44 D. 1.69 E 1.57  
DFL 2. A 2.07 B.2.50 C 2.86 D 2.33 E 2.68 F 2.18 G 1.93
DTL 3 A 3.66 B 3.75 C 3.42 D 3.86 E 3.51 F 3.57 G 3.96

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