Question: 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

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 Pre-Tax Income Taxes Net Income Shares Outstanding EPS Year 1 12,954 3,648 9,306 3,722 5,584 14,661 0.3808 Year 2 22,670 3,648 19,022 7,609 11,413 14,661 0.7785 C

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