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(Answered) The Harmon Company manufactures skates


Chapter 5 12. The Harmon Company manufactures skates. The company?s income statement for 2008 is as follows: HARMON COMPANY Income Statement For the Year Ended December 31, 2008 Sales (30,000 skates @ $25)........................... $750,000 Less: Variable costs (30,000 skates at $7)............... 210,000 Fixed costs...................................... 270,000 Earnings before interest and taxes (EBIT)................. 270,000 Interest expense..................................... 170,000 Earnings before taxes (EBT)............................ 100,000 Income tax expense (35%)............................. 35,000 Earnings after taxes (EAT)............................. $ 65,000 Given this income statement, compute the following: a. Degree of operating leverage. b. Degree of financial leverage. c. Degree of combined leverage. d. Break-even point in units.
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The Harmon Company manufactures skates

 


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