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QUESTION

Homework #7B (Financial leverage)

Homework #7B (Financial leverage)

Finance

Question 1 (1 point)

 

Irresistible Chips is reviewing its financial condition. The firm generated an operating profit of $3,300,320. The firm’s interest expense was $2,739,080.

 What is the firm’s degree of financial leverage? Round the answer to two decimals

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