Question
Irresistible Chips is reviewing its financial condition. The firm generated an operating profit of $5,583,320. The firm's interest expense was $2,425,607. What is the firm's
Irresistible Chips is reviewing its financial condition. The firm generated an operating profit of $5,583,320. The firm's interest expense was $2,425,607.
What is the firm's degree of financial leverage?
Round the answer to two decimals
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Investments An Introduction
Authors: Herbert B Mayo
9th Edition
324561385, 978-0324561388
