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When Goshen, Inc., focused only on domestic business in the United States, it had a low debt level. As it expanded into other countries, it

When Goshen, Inc., focused only on domestic
business in the United States, it had a low debt
level. As it expanded into other countries, it increased its degree of fi nancial leverage (on a consolidated basis). What factors would have caused
Go shen to increase its fi nancial leverage (assuming
that country risk was not a concern)?

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