Through the effects of financial leverage, when EBIT decreases, earnings per share will

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 7DQ
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Through the effects of financial leverage, when EBIT decreases, earnings per share will 

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