Question
Irresistible Chips is reviewing its financial condition. The firm generated an operating profit of $3,047,218. The firm's interest expense was $2,333,327. What will be the
Irresistible Chips is reviewing its financial condition. The firm generated an operating profit of $3,047,218. The firm's interest expense was $2,333,327.
What will be the resulting percentage change in earnings per share if they expect operating profit to change 3.0 percent?
(You should calculate the degree of financial leverage first). Round the answer to two decimals in percentage form.
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
