Question: Answer is E but don't know how to get there. please show all steps and calculations so I can fully understand how to solve. thank

Answer is E but don't know how to get there. please

Answer is E but don't know how to get there. please show all steps and calculations so I can fully understand how to solve. thank you

23. Lombardo Company had net income of $70,000 and interest expense of $10,000. If the corporate tax rate was 30%, determine its Degree of Financial Leverage (DFL) A. 1.30 B. 1.25 C. I 20 D. 1.15 E 1.10

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Answer is A, but not sure how to get there. please show all steps and calculations so I can fully understand how to solve. thank you 30. Consider the same two firms U and L - that are identical...

Answer is provided but I have no idea how to get them. please show all steps and calculations s o I can fully understand how to solve. thank you Adjusted Cash Flow from Assets (L03) Cumberland Corp....

Answer is provided , but I don't understand how we get there. please show all steps and calculations so I can understand how to solve. thank you 30. Berkshire Homes recently paid $2.20 as an annual...

Answers are provided, but I'm not sure how to get them. Pl ease show all steps and calculations so I can understand how to solve. thank you The following information applies to Questions 19 to 22...

Answer is E, but not sure how to get to this answer. please show all steps and calculations so I can fully understand how to solve. thank you 36. Alex, Inc. is financed 100% with equity. The firm has...

Answer is A, please show all steps and calculations so I can fully understand how to solve. thank you ! 6. Miller Brothers has determined that an operating cash flow of $24,300 will result in a zero...

Answers: 1) cash flow in each year = 318 incremental cash flow in year 2= 198 incremental cash flow in year 5=438 Answer for 2) NPV= $267.80 Answers are provided but I'm not sure how to solve. Please...

Answer is C, but not sure how to get there please show all steps and all calculations so I can fully understand. thank you ! 12. Webster United is considering adding a new product to their lineup....

Answer is provided for both questions, please show all steps and calculations so I can fully understand how to solve. thank you 40 40) Sam is offering a new product which has a variable cost per unit...

Answer is 0.40 but not sure how to get there. please show all steps so I can fully understand how to solve. thank you Wild Ducks Unlimited wants to have a weighted average cost of capital of 9.5%....

Phoenix Corporation manufactures smartphones, generally selling from 200,000 to 300,000 units per year. The following cost data apply to the activity levels shown: Number of Units Total costs Fixed...

Answer the below questions. (a) In what ways does an MTN differ from a corporate bond? (b) What derivative instrument is commonly used in creating a structured MTN?

P6.8 (LO 4) (Notes Receivable Journal Entries) On December 31, 2025, Regent plc rendered services to Begin Group at an agreed price of 102,049, accepting 40,000 down and agreeing to accept the...

Describe strategies to deliver presentations with authenticity, confidence, and influence Describe strategies for using slides and handouts to supplement your presentation effectively. Describe...

6. How can a message directly influence the interpreter?

1. Discuss the following statements: (a) The dangers of mountain driving in an old Lada 4 4, and safety concerns. (b) We perceive the world backwards. (c) Numbers are different from words, but they...

5. How can a sender (utterer) directly influence the interpreter (receiver)?