What will be the resulting percentage change in earnings

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Reference no: EM131958134

Irresistible Chips is reviewing its financial condition. The firm generated an operating profit of $4,696,440.

The firm's interest expense was $2,143,880. What will be the resulting percentage change in earnings per share if they expect operating profit to change 4.2 percent?

(You should calculate the degree of financial leverage first).

(Write the percentage sign in the "units" box). Round the answer to two decimals

Reference no: EM131958134

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