At a base sales level of $400,000, a firm has a degree of operating le
At a base sales level of $400,000, a firm has a degree of operating leverage of 2 and a degree of financial leverage of 1.5. The firm’s degree of total leverage is ________.
A) 3.5
B) 3.0
C) 0.5
D) 1.3
ANSWER
B
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