Question
Maverick Technologies has sales of $3,000,000. The companys fixed operating costs total $508,735 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 $508,735 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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A Fast And Frugal Finance
Authors: William P. Forbes, Aloysius Igboekwu, Shabnam Mousavi
1st Edition
0128124954, 978-0128124956
