Question
UPDATED****** Gordon's Plants has the following partial income statement for 2015: Earnings before interest and taxes $4,500 Interest (2000) = Earnings before taxes $2,500 Taxes
UPDATED******
Gordon's Plants has the following partial income statement for 2015:
Earnings before interest and taxes $4,500
Interest (2000)
=
Earnings before taxes $2,500
Taxes (40%) (1000)
=
Net income $1500
=
Number of common shares 1000
What is the degree of financial leverage for Gordon's? What does this value
mean?
just a study review sheet question for a test tomorrow, not using to answer for a homework.
=
Number of common shares 1000
What is the degree of financial leverage for Gordon's? What does this value
mean?
just a study review sheet question for a test tomorrow, not using to answer for a homework. please answer as soon as possible
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
