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Assume Hayworth corp. has an operating leverage of 4.43 and a financial leverage of 1.43. How much would the EBIT of Hayworth corp. decrease if
Assume Hayworth corp. has an operating leverage of 4.43 and a financial leverage of 1.43. How much would the EBIT of Hayworth corp. decrease if sales decreased by 0.06?
Instruction: Round to three decimal places. E.g., if your answer is 0.0106465 or 1.06465%, you should type ONLY the number .011, neither 0.0106465, 0.0106, nor 1.065. Otherwise, Blackboard will treat it as a wrong answer.
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