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Maverick Technologies has sales of $3,000,000. The company's fixed operating costs total $526,400 and its variable costs equal 60% of sales. The company's interest expense
Maverick Technologies has sales of $3,000,000. The company's fixed operating costs total $526,400 and its variable costs equal 60% of sales. The company's interest expense is $500,000. What is the company's degree of total leverage (DTL)? Answer to 2 decimal places
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Investments
Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey
6th Edition
8120321014, 978-8120321014
