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Question 36 (1 point) Clarion Manufacturing sells its finished product for an average of $37.00 per unit with a variable cost per unit of $17.00.
Question 36 (1 point) Clarion Manufacturing sells its finished product for an average of $37.00 per unit with a variable cost per unit of $17.00. The company has fixed operating costs of $872000. If the firm produces 235000 units, the firm's EBIT are 235000 (37.00-17.00)-872000, the preferred stock dividend is $10000, the firm's interest paid is $42000, and the firm's tax rates 35%, what is the firms degree of total leverage? Express your answer to two decimal places Your Answer: Answer Question 37 (1 point) Saved The problem with a constant-payout-ratio dividend policy from the shareholders perspective that 1) it pays constant dividend irrespective of the earnings of a firm - 2) if the firm drop, the dividends
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