Suppose that itcs degree of combined leverage dcl is 300 at


Suppose that ITC's degree of combined leverage (DCL) is 3.00 at a sales volume of $9 million. Determine ITC's percentage change in earnings per share (EPS) if forecasted sales increase by 20 percent to $10,800,000.

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Finance Basics: Suppose that itcs degree of combined leverage dcl is 300 at
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