Does sales need to be calculated or just use net income change? 12.LO1.2 HQ Sustainable Maritime Industries,

Does sales need to be calculated or just use net income change? 

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12.LO1.2 HQ Sustainable Maritime Industries, Inc. is an integrated aquatic product company (producing, processing, and farming) in the People's Republic of China. Its principal products include tilapia andwhite-legged shrimp that are exported to the United States, Canada, Japan, and Europe. Selected financial statement values for HQ are shown in the table below. What is the degree of financial leverage for HQ given the change in revenues from Year 1 to Year 2? Selected Accounting Information HQ Sustainable Maritime Industries Inc. ($000s) EBIT Interest Year 1 12,260.04 Year 2 14,466.85 629.31 Pre-Tax Income Taxes Net Income Shares Outstanding EPS 12.LO1.3 629.31 11,630.73 5,815.37 5,815.36 14,004 0.4153 13,837.54 6,918.77 6,918.77 14,004 0.4941 HQ Sustainable Maritime Industries, Inc. operates as an integrated aquatic product company (producing, processing, and farming) in the People's Republic of China. Its principal products include tilapia andwhite-legged shrimp that are exported to the United States, Canada, Japan, and Europe. Selected financial statement values for HQ are shown in the table below. What is the degree of total leverage for HQ given the change in revenues from Year 1 to Year 2? 12.LO1.2 HQ Sustainable Maritime Industries, Inc. is an integrated aquatic product company (producing, processing, and farming) in the People's Republic of China. Its principal products include tilapia andwhite-legged shrimp that are exported to the United States, Canada, Japan, and Europe. Selected financial statement values for HQ are shown in the table below. What is the degree of financial leverage for HQ given the change in revenues from Year 1 to Year 2? Selected Accounting Information HQ Sustainable Maritime Industries Inc. ($000s) EBIT Interest Year 1 12,260.04 Year 2 14,466.85 629.31 Pre-Tax Income Taxes Net Income Shares Outstanding EPS 12.LO1.3 629.31 11,630.73 5,815.37 5,815.36 14,004 0.4153 13,837.54 6,918.77 6,918.77 14,004 0.4941 HQ Sustainable Maritime Industries, Inc. operates as an integrated aquatic product company (producing, processing, and farming) in the People's Republic of China. Its principal products include tilapia andwhite-legged shrimp that are exported to the United States, Canada, Japan, and Europe. Selected financial statement values for HQ are shown in the table below. What is the degree of total leverage for HQ given the change in revenues from Year 1 to Year 2?