Question
Gordon's Plants has the following income statement for 2015 earning before interest and taxes 4500 interest (2000) earning before taxes 2500 taxes (40%) (1000) net
Gordon's Plants has the following income statement for 2015
earning before interest and taxes 4500
interest (2000)
earning before taxes 2500
taxes (40%) (1000)
net income 1500
number of colon shares 1000
What is the degree of financial leverage for Gordon's? What does this value mean?
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
10th Edition
0135160618, 978-0135160619
