Due to a prolonged economic downturn, Keely Corporation's EBIT and EPS in the previous year were $225,000 and $1.35. This year EBIT and EPS were $35,000 and $0.70. Given this information, calculate the company's DFL.
A) 0.47
B) 0.50
C) 0.57
D) 0.60
E) 0.67
Correct Answer:
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