Q1256
If a firm has a DOL of 2.8, it means:
A.
If sales increase by 2.8%, the EBIT will increase by 1%
B.
If EBIT increase by 2.896, the EPS will increase by 1%
C.
If sales rise by 1%, EBIT will rise by 2.8%
AnswerD.
None of the above
Answer: Option C
Solution
Answer: Option C
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