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olympian Corporation's sales increased from $50 million to $60 million. At the same the Company's Earning before interest and taxes rose from $3 million to

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olympian Corporation's sales increased from $50 million to $60 million. At the same the Company's Earning before interest and taxes rose from $3 million to $4 million and its net income rose from $700,000 to $1,400,000. The Company's Earnings per Share followed the same pattern as the Company's Net Income. If Olympian's income tax rate is 30%,its degree 7) The time, of operating leverage and financial leverage are CLOSEST TO (3 Points): pe ating Leverage Degree ofFinancial Leverage 1.67 5.00 1.67 5.00 3.00 1.00 5.00 3.00

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