Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In 20X8 XYZ Corporation had sales of $1,954 (in millions), EBIT of $130 (in millions), and net income of $6 (in millions). Its DOL, DFL,
In 20X8 XYZ Corporation had sales of $1,954 (in millions), EBIT of $130 (in millions), and net income of $6 (in millions). Its DOL, DFL, and DCL are 15.03, 21.67 and 325.67, respectively. If the sales increases to $2,000 (in millions) in 20X9, what is the net income of XYZ in 20X9?
A)-$40
B)$7
C)$2
D)$15
E)$52
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started