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Intro Casul Speling Corp. has a degree of financial leverage of 2. The company predicted sales of $431,000, a gross profit of $294,000, EBIT of
Intro Casul Speling Corp. has a degree of financial leverage of 2. The company predicted sales of $431,000, a gross profit of $294,000, EBIT of $201,000 and EPS of $5.37 for the year. Actual sales were $351,000. Part 1 Attempt 1/3 for 10 pts. What is the degree of operating leverage? Part 2 Attempt 1/3 for 10 pts. What is the degree of combined leverage? Part 3 - Attempt 1/3 for 10 pts. What was the percentage change in EPS? Enter your answer with the percentage sign. Part 4 Attempt 1/3 for 10 pts. What were the actual earnings per share (EPS)
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