When the Interest Expense Is Zero, the Percentage Change in Earnings

question 117

True/False

When the interest expense is zero, the percentage change in earnings per share will be the same as the percentage change in EBIT.

---

Definitions:

Congressmen's Correspondence

Written communication involving members of Congress, including letters, emails, and memos, typically related to legislative activities or constituent services.

Felt-Tipped Pen

A pen whose point is made of tightly compressed fibers, designed to deliver ink smoothly onto a surface.

Lead Pencil

A writing tool containing graphite, often mistakenly thought to contain lead, used for drawing or writing.

Maintenance Man

An individual responsible for the upkeep of buildings, machinery, and grounds, ensuring that they are in good working condition.