Caterpillar, Inc. is a manufacturer of large earth-moving and mining equipment. This firm, and other heavy equipment

Question:

Caterpillar, Inc. is a manufacturer of large earth-moving and mining equipment. This firm, and other heavy equipment manufacturers, have accounting degrees of operating leverage that are relatively high. Explain why.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

Question Posted: