If EBIT increases 15%, EPS increases by 30%, debt increases by 45%, and the tax rate declines by 5%, what is the degree of financial leverage?
A) 2
B) 1
C) 9
D) 3
E) 6
A
Business
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Kent qualified for the Earned Income Credit in 2016. This credit could result in a
a) Carryback or carryforward for any unused portion. b) Refund even if Kent had no tax withheld from wages. c) Refund only if Kent had tax withheld from wages. d) Subtraction from adjusted gross income to arrive at taxable income.
Business
Which of the following refers to a logistics system designed to deliver parts to a production process as they are needed, not before?
A. Inventory information system B. Basket trading system C. Buffer stock system D. Just-in-time inventory system E. Real-time processing system
Business