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The Brock Co. has the following incomplete income Statement Please complete the income statement on this page and then underneath compute: a) degree of operating
The Brock Co. has the following incomplete income Statement Please complete the income statement on this page and then underneath compute: a) degree of operating leverage b) degree of financial leverage c) degree of combined leverage d) Break-even point in units and in dollars. (270,000) Sales (30,000 pumps @ $25/pump)......... Variable Costs (30,000 pumps @ $7/pump)..... Contirbution Margin...... Fixed Costs........ EBIT......... Interest Expense....... EBT.......... Income Tax Expense .... (21%)... EAT...... (170,000)
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