Trident Food Corporation generated the following income statement for the most recent fiscal year: ? Sales revenues $150,000 Variable cost of sales (120,000) Gross profit 30,000 Fixed operating costs (10,000) Net operating income (EBIT) 20,000 Interest (15,000) Earnings before taxes 5,000 Taxes (40%) (2,000) Net income
$3,000 ? What is Trident Food's degree of total leverage (DTL)?
A. 4.0×
B. 6.0×
C. 1.5×
D. 5.0×
E. 50.0×
Answer: B
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