Question
Show/ explain work, please; answer only if you are certain. Maverick Technologies has sales of $3,000,000. The companys fixed operating costs total $500,000 and its
Show/ explain work, please; answer only if you are certain.
Maverick Technologies has sales of $3,000,000. The companys fixed operating costs total $500,000 and its variable costs equal 60% of sales, so the companys current operating income is $700,000. The companys interest expense is $535,820. What is the companys degree of financial leverage (DFL)? Answer to 2 decimal places.
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
11th Canadian Edition
1259024970, 978-1259265921
