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Irresistible Chips is reviewing its financial condition. The firm generated an operating profit of $4,121,450. The firm’s interest expense was $2,429,544.

Irresistible Chips is reviewing its financial condition. The firm

generated an operating profit of $4,121,450. The firm’s interest expense was $2,429,544.

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

 
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