Irresistible Chips is reviewing its financial condition. The firm generated an operating profit of $4,224,674. The firm’s interest expense was $2,411,503.
Irresistible Chips is reviewing its financial condition. The firm
generated an operating profit of $4,224,674. The firm’s interest expense was $2,411,503.
What will be the resulting percentage change in earnings per share if they expect operating profit to change -1.9 percent?
(You should calculate the degree of financial leverage first).
Round the answer to two decimals
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