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QUESTION
. If a firm has no operating leverage and no financial leverage, then a 10% increase in sales will have what effect on EPS?
. If a firm has no operating leverage and no financial leverage, then a 10% increase in sales will have what effect on EPS?
a. EPS will increase by 10%
b. EPS will remain the same
c. EPS will increase by less than 10%
d. EPS will decrease by 10%
