What is the firms degree of financial leverage

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Irresistible Chips is reviewing its financial condition. Sales are $15,667,426 from which the firm generated an operating profit of $2,445,157 and a net profit after tax of $943,674. The firm’s interest expense was $1,192,195.

What is the firm’s degree of financial leverage? Round the answer to two decimals

Reference no: EM13724904

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