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Briefly discuss the three main types of parking brakes.
Financial Leverage
Utilization of debt to expand the potential profitability of an investment.
Times Interest Earned
A financial ratio that measures a company’s ability to meet its interest payments on outstanding debt.
EBIT
EBIT, or Earnings Before Interest and Taxes, represents a company's profit figure that does not take into account expenses stemming from interest and income taxes.
Interest Expense
The cost incurred by an entity for borrowed funds over a period, typically presented in the income statement.
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