What is the firm degree of financial leverage

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Question: Irresistible Chips is reviewing its financial condition. The firm generated an operating profit of $4,067,267. The firm's interest expense was $2,732,832.

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

 

Reference no: EM133368766

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What is the firm degree of financial leverage : Irresistible Chips is reviewing its financial condition. The firm generated an operating profit of $4,067,267. The firm's interest expense was $2,732,832.
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