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Need help with the following question. Please show work. P13-4 Total Leverage Sales are $80,000, EBIT $8,000, NI $2,400, DOL 2.5x, and DFL 2.0x. What
Need help with the following question. Please show work.
P13-4 Total Leverage Sales are $80,000, EBIT $8,000, NI $2,400, DOL 2.5x, and DFL 2.0x. What will the company's Net Income be if Sales are $88,000 rather than $80,000? a percentage change in sales. For example, if the DTL = 3, and Sales rise by 5%, Net Income will rise by 3 x 5% = 15%
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