1) Review the selected income statement data below and determine the organization's degree of nancial leverage (DFL) for Year 2. Account Yes 1 Year 2 Sales 550,000 $55,090 Less: Variable cost {30% of sales) (515,000) {$16,500} Find 6051 mm MM} Operating Prot (EBIT) $25,000 $28,500 Less: Interest [l } Taxable income $20,000 $23,500 Less: Taxes (35%) m M Net income $13,000 $15,275 a. 0.54 b. 0.8 c. 1.25 d. 1.5