Quick Launch Rocket Company, Expects Its Sales to Increase by 50

question 62

Multiple Choice

Quick Launch Rocket Company, expects its sales to increase by 50 percent in the coming year. The firm's current earnings per share (EPS) is $3.25. Its degree of operating leverage is 1.6 and its degree of financial leverage is 2.1. What is the firm's projected EPS for the coming year?

• A)$3.25
• B)$5.46
• C)$10.92
• D)$8.71
• E)$19.63

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