Multiple Choice
Borkstran has sales of $7.8 million, a variable cost ratio of 0.6, EBIT of $1.1 million, and a degree of combined leverage of 3.4. What is Borkstran's degree of financial leverage?
A) 1.20
B) 0.73
C) 2.29
D) 0.84
Correct Answer:
Verified
Correct Answer:
Verified
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