Homework #7B (Financial leverage)
February 19th, 2023
Question 2 (1 point) Irresistible Chips is reviewing its financial condition. The firm generated an operating profit of $3,382,180. The firm’s interest expense was $2,142,770.What will be the resulting percentage change in earnings per share if they expect operating profit to change -3.4 percent? (You should calculate the degree of financial leverage first).(Write the percentage sign in the “units” box).Round the answer to two decimalsYour Answer: