The total leverage measures the combined effect of operating and financial leverage on a firm's risk.
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Q70: The effect of financial leverage is such
Q71: Financial leverage may be defined as the
Q72: Financial leverage results from the presence of
Q73: The base level of sales must be
Q74: Whenever the percentage change in earnings before
Q76: Whenever the percentage change in earnings per
Q77: The closer the base sales level used
Q78: Comparison of the degree of operating leverage
Q79: The degree of operating leverage will increase
Q80: Total leverage exists whenever the percentage change
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