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Maverick Technologies has sales of $3,000,000. The company's fixed operating costs total $500,000 and its variable costs
Posted: Sun Jul 03, 2022 12:53 pm
by answerhappygod
- Maverick Technologies Has Sales Of 3 000 000 The Company S Fixed Operating Costs Total 500 000 And Its Variable Costs 1 (49.95 KiB) Viewed 14 times
Maverick Technologies has sales of $3,000,000. The
company's fixed operating costs total $500,000 and its variable costs equal 60% of sales, so the
company's current operating income is $700,000. The
company's interest expense is $456,844. What is the
company's degree of financial leverage (DFL)? Answer to 2 decimal places.