A Company Has EBIT of $2,400,000 and Interest Expense of $300,000

question 42

Multiple Choice

A company has EBIT of $2,400,000 and interest expense of $300,000. What is its DFL?

• A)8.0
• B)0.125
• C)1.1429
• D)Not enough information to determine the answer.

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Definitions:

Mammals

Warm-blooded vertebrates characterized by the presence of mammary glands which females use to nourish their young.

Types of Teeth

Types of teeth refer to the classification of teeth in mammals, including incisors, canines, premolars, and molars, each serving different functions in the process of eating.

Vertebrates

Animals that have a backbone or spinal column, which includes mammals, birds, reptiles, amphibians, and fish.

Amphibians

A group of cold-blooded vertebrates known for living both in water and on land at different stages of their life - including frogs, salamanders, and newts.