Polar Enterprises has operating leverage of 2.6 and financial leverage of 1.8 Given the following Income Statement information, if EBIT were to increase by 25%, by what percentage will EPS change? of ion Sales $13,400,000 $6,600,000 Variable Costs Fixed Operating Costs $4,468,000 EBIT 2,332,000 Interest Expense $1,072,000 EBT $1,260,000 Taxes (22%) $277,200 Net Income $982,800 Earnings Per Share $6.55 Select one: O a. 45% O b. 18% O c. 180% O d. 25% Oe. 35% A firm that uses relatively small amounts of debt financing in an industry characterized by a low degree of business risk would have earnings per share fluctuations resulting from changes in levels of sales. Select one: O a. no O b. constant O c. small O d. large Oe. cannot determine from the provided information on Quilter's Supplies declared a $0.68 per share dividend on Friday, March 7. The dividend will be paid on Monday, April 7. The ex-dividend date is Tuesday, March 18. What is the record date? Select one: a. Friday, March 14 b. Monday, March 17 c. Wednesday, March 19 Od. Thursday, March 20 Oe. Friday, March 21 Calculate Financial Leverage based on the following: Electronics R Us 2020 2021 Sales (Net Revenues) $543,375 $586,845 Total variable costs $350,150 $380,500 Total fixed costs $145,800 $147,050 EBIT $47,425 $59,295 Interest Expense $21,150 $21150 Taxable Income $26,275 $38,145 Taxes (22%) $5,781 $8,392 Net Income $20,494 $29,753 Common Shares Outstanding 250 250 Your answer may vary by up to 0.03 due to rounding. Select one: O a. 1.08 O b. 2.25 O c. 1.28 O d. 1.80 O e. 3.13