Question
Maverick Technologies has sales of $3,000,000. The companys fixed operating costs total $527,193 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 $527,193 and its variable costs equal 60% of sales. The companys interest expense is $500,000. What is the companys degree of total leverage (DTL)? Answer to 2 decimal places.
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Glencoe Business And Personal Finance
Authors: McGraw-Hill
1st Edition
0021400202, 9780021400201
