The degree of financial leverage (DFL) is defined as the percentage change in _____ that results from a given percentage change in earnings before interest and tax (EBIT).
A) sales
B) net operating income (NOI)
C) operating fixed costs
D) net income
E) earnings per share (EPS)

Question

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The Answer of The degree of financial leverage (DFL) is defined as the percentage change in _____ that results from a given percentage change in earnings before interest and tax (EBIT).
A) sales
B) net operating income (NOI)
C) operating fixed costs
D) net income
E) earnings per share (EPS)

The Degree of Financial Leverage (DFL) Is Defined as the Percentage