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Solution for QID #47798: Given the following information for Computech, compute the f | StudyHelpMe

Subject: Finance
Status: Verified Solution
Given the following information for Computech, compute the firm's degree of combined leverage (dollars are in thousands except EPS). Round your answer to one decimal place. Year 1Year 2 Sales$700,000$784,000 Fixed costs120,000120,000 Variable costs200,000224,000 Earnings before interest and taxes$380,000$440,000 Interest40,00040,000 Earnings per share (EPS)$5.10$6.00 Degree of combined leverage: 
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