ACME, Inc. reported the following income statement for 2015 Sales $2,500,000 Variable Costs 900,000 Fixed Operating Costs 700,000 EBIT 900,000 Interest Expense 200,000 EBT 700,000 Taxes @ 30% 210,000 Net Income $490,000 Earnings Per Share $4.90 What is the Degree of Total Leverage? a. 1.78 b. 4.90 c. 1.29 d. 2.28
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “ACME, Inc. reported the following income statement for 2015 Sales $2,500,000 Variable Costs 900,000 Fixed Operating Costs 700,000 EBIT ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The government indirectly influences the level of industry competition with its own barriers to entry.? how? the government can restrict entry by
Answers (2)
Dell is a product of the Digby company. Digby's sales forecast for Dell is 2079 units. Digby wants to have an extra 10% of units on hand above and beyond their forecast in case sales are better than expected.
Answers (1)
Joeys only debt obligations are a car loan payment of 50
Answers (2)
For each of the following characteristics, say whether it describes a monopoly firm, a monopolistically competitive firm, both, or neither. Characteristic Monopoly Monopolistically Competitive 1. Faces a downward-sloping demand curve 2.
Answers (1)
Which savings account will earn you the least money? One that earns simple interest daily. One that compounds interest daily. One that earns simple interest monthly. One that compounds interest monthly
Answers (1)
New Questions in Business
Nolte Co. has 4,500,000 shares of common stock outstanding on December 31, 2014. An additional 200,000 shares are issued on April 1, 2015, and 480,000 more on September 1. On October 1, Nolte issued $6,000,000 of 9% convertible bonds.
Answers (1)
Your friends own a lawn care business. They own their own equipment and trailers to transport it. Eventually they buy out another local lawn care company and double their customers. This is an example of 1. ending an oligopoly2.
Answers (1)
Suppose you currently earn $30,000 a year. you are considering a job that will increase your lifetime earnings by $300,000 but that requires an mba. the job will mean also attending business school for two years at an annual cost of $25,000.
Answers (1)
Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $154,000. The machine's useful life is estimated to be 5 years, or 370,000 units of product, with a $6,000 salvage value.
Answers (1)
The manger is responsible for training you about food safety in your job duties. These duties include preventing foodborne illness by?
Answers (1)