Igor the intern has obtained the following financial data for PDQ Corporation:
The leverage ratio for 2015 is:
Definitions:
Marginal Cost
The increase or decrease in the total cost that arises from producing one additional unit of a good or service.
Sales
The activity or business of selling goods or services, generating revenue for companies.
Implicit Costs
The opportunity costs of using resources owned by the firm for its own use rather than selling those resources.
Explicit Costs
Direct, out-of-pocket payments for resources employed by firms for production, such as wages or rent.
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