Which of the following is not true about leverage?
A) Operating leverage influences the top half of the income statement,determining EBIT.
B) Financial leverage deals with the bottom half of the income statement,determining EPS.
C) Combined leverage utilizes the entire income statement,showing the impact of change in volume on EBIT.
D) Combined leverage utilizes the percentage change in EPS and percentage change in sales.
Correct Answer:
Verified
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