Question
Gordon's Plants has the following partial income statement for 2015 Earning before interest and taxes 4,500 interest (2,500) earning before taxes 2,500 Taxes 40% (1,000)
Gordon's Plants has the following partial income statement for 2015
Earning before interest and taxes 4,500
interest (2,500)
earning before taxes 2,500
Taxes 40% (1,000)
net income 1,500
number of common share 1000
What degree of financial leverage for Gordon's? what doe this value mean?
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Microeconomics
Authors: Glenn Hubbard, Anthony O'Brien
7th Edition
0134737504, 978-0134737508
