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Homework #7B (Financial leverage) 1

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Question 2(1 point)
Irresistible Chips is reviewing its financial condition. The firm generated an operating profit of $3382180. The firms interest expense was $2142770.
What will be the resulting percentage change in earnings per share if they expect operating profit to change -3.4 percent?
(You should calculate the degree of financial leverage first).
(Write the percentage sign in the units box).
Round the answer to two decimals

 
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