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Problem 14-8 Question 24 of 25 Check My Work (10 remaining) eBook A firm has earnings per share of $2.90 at a sales level
Problem 14-8 Question 24 of 25 Check My Work (10 remaining) eBook A firm has earnings per share of $2.90 at a sales level of $4 million. If the firm has a degree of operating leverage of 4.5 and a degree of financial leverage of 6.2 (both at a sales level of $4 million), forecast earnings per share for a 3 percent sales decline. Round your answer to the nearest cent. Icon Key Check My Work (10 remaining)
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