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
Your company obtains a short term loan on September 1st, 2019 to cover costs to purchase inventory. The loan is for $50,000, the annual interest rate is 8%. The loan is for 7 months and matures on March 31st, 2020.
Answers (1)
Which of the following is a list of private goods only? A) a watermelon, toll highways, a private beach, a chair. B) a watermelon, cable Internet service, a private beach, a pencil, a chair. C) a watermelon, a chair, a pencil.
Answers (1)
A will is the final declaration of how a person desires to have her or his property disposed of after death and must follow exactly the requirements of state law to be effective. True / false
Answers (1)
Which of the following is an example of entrepreneurship? A. A woman accepts a job with a large corporation. B. A man buys flowers from a local gift shop. C. A woman volunteers at a local youth center. D. A man opens a restaurant in his neighborhood.
Answers (2)
Which goal is an example of a measurable goal
Answers (1)
New Questions in Business
Which of the following is not considered a credit ... a. transfer into account b. direct deposit c. overdraft fee d. interest earned
Answers (1)
The format and information contained in one firm's financial statements are most likely to differ drastically from the format and information contained in another firm's financial statements. True or false?
Answers (1)
A bond has a par value of $1,000, a time to maturity of 20 years, a coupon rate of 10% with interest paid annually, a current price of $850, and a yield to maturity of 12%.
Answers (1)
Identifying groups of consumers (e. g., age, gender, income, education) who differ in their purchase behavior is the basic idea behind: a. market segmentation. b. supply chain management. c. price elasticity. d. make-or-buy decisions.
Answers (1)
Analyzing Revenues and Expenses and Completing an Income StatementNeighborhood Realty. Incorporated, has been operating forthree years and is owned by three investors. S. Bhojraj owns60 percent of the total outstanding stock of 9.
Answers (1)