P 9-1 McDonald Company shows the following condensed income statement information for the current year: Revenue from sales Cost of products sold Gross profit Operating expenses: Selling expenses General expenses Operating income Other income 3,500,000 (1,700,000) 1,800,000 425,000 350,000 (775,000) 1,025,000 20,000 (70,000) 975,000 (335,000) Interest Operating income before income taxes Taxes related to operations Income from operations Extraordinary loss (less applicable income taxes of $40,000) Income before noncontrolling interest Noncontrolling interest (loss) 640,000 (80,000) 560,000 (50,000) $ 510,000 Net income Required Calculate the degree of financial leverage