A summarized income statement for leveraged inc is, Ask an Expert

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A summarized income statement for Leveraged Inc. is presented below.

Sales $1,000000 Cost of sales 600,000 Gross profit 400,000 operating expenses 250,000 Operating Income 150,000 Interest expense 30,000 Earnings before taxes 120,000 Income tax 40,000 Net income 80,000

The degree of financial leverage is?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92066906

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