The degree of financial leverage is the ratio of ________ to percentage change in EBIT
A) operating profit
B) percentage change in sales
C) percentage change in EPS
D) long-term debt
C
Business
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Why are corporations defined as "entities"?
(A) Because they sell about 90 percent of the products sold in the United States. (B) Because they have a legal identity separate from those of their owners. (C) Because they may merge in various ways. (D) Because they require a certificate of incorporation.
Business
I want to know where a company stands financially at December 31, 2014. Which financial statement should I use?
A) statement of cash flows B) statement of stockholders' equity C) statement of retained earnings D) balance sheet
Business