Homework #7B (Financial leverage)
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September 30, 2017PPA601 Foundations of Public Administration
September 30, 2017Homework #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
