Business, 21.04.2021 20:20 ghwolf4p0m7x0

Gordon's Plants has the following partial income statement for 2015: Earnings before interest and taxes
$ 4,500
Interest
K2,000)
Earnings before taxes
$ 2,500
Taxes (40%)
(1,000)
Net income
$ 1,500
Number of common shares
1,000
What is the degree of financial leverage for Gordon's? What does this value
mean?

Answers: 3

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