Question: Maverick Technologies has sales of $ 3 , 0 0 0 , 0 0 0 . The company s fixed operating costs total $ 5

Maverick Technologies has sales of $3,000,000. The companys fixed operating costs total $500,000 and its variable costs equal 60% of sales, so the companys current operating income is $700,000. The companys interest expense is $553,201. What is the companys degree of financial leverage (DFL)? Answer to 2 decimal places.

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