Multiple Choice
Kenzel has an EPS of $4.20, and sales are $9 million. Assuming the firm has a degree of operating leverage of 4.0 and a degree of financial leverage of 5.2, forecast EPS if the firm expects a 4% sales decline.
A) $0.71
B) $3.49
C) $4.03
D) $3.33
Correct Answer:
Verified
Correct Answer:
Verified
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