Question
The Chief Financial Officer of Orix Corp. projects next years sales to be $3.4 million and EBIT to be $1.2 million. The CFO believes that
The Chief Financial Officer of Orix Corp. projects next years sales to be $3.4
million and EBIT to be $1.2 million. The CFO believes that if sales are actually
$3.1 million, then EBIT will be $1 million. What is Orixs degree of operating
Leverage (DOL)?
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Corporate Financial Management
Authors: Julian Ralph Franks, Harry H. Scholefield
2nd Edition
0566020548, 978-0566020544
