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Problem 14-11 Question 16 of 25 Check My Work (10 remaining) eBook Cohen's Bowling Emporium has a degree of financial leverage of 2.0 and
Problem 14-11 Question 16 of 25 Check My Work (10 remaining) eBook Cohen's Bowling Emporium has a degree of financial leverage of 2.0 and a degree of combined leverage of 6.0. The breakeven sales level for Cohen's has been estimated to be $700,000. Fixed costs total $350,000. What effect will a 12 percent increase in sales have on EBIT? Round your answer to the nearest whole number. %AEBIT: %
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
