If EBIT equals $280,000 and interest equals $20,000,with a tax rate of 31%,what is the degree of financial leverage?
A) 14.00x
B) 9.66x
C) 3.91x
D) 1.88x

Name: If EBIT equals $280,000 and interest equals $20,000,with a tax rate of 31%,what is the degree of financial leverage? A) 14.00x B) 9.66x C) 3.91x D) 1.88x
Brand: Quizplus
Rating: 4.9 (32 reviews)

Question

Quizplus · Accepted Answer

The Answer of If EBIT equals $280,000 and interest equals $20,000,with a tax rate of 31%,what is the degree of financial leverage?
A) 14.00x
B) 9.66x
C) 3.91x
D) 1.88x

If EBIT Equals $280,000 and Interest Equals $20,000,with a Tax