Question
Maverick Technologies has sales of $3,000,000. The companys fixed operating costs total $488,716 and its variable costs equal 60% of sales. The companys interest expense
Maverick Technologies has sales of $3,000,000. The companys fixed operating costs total $488,716 and its variable costs equal 60% of sales. The companys interest expense is $500,000. What is the companys degree of total leverage (DTL)?
Please make sure answer is right. I only have one chance to enter. No tax rate given.
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Introduction To Derivatives And Risk Management
Authors: Robert Brooks, Don M Chance, Roberts Brooks
8th Edition
0324601212, 9780324601213
