The combined leverage
(a) is the summation of the degree of operating leverage and the financial leverage
(b) measures total risk of the firm
(c) is the difference between the degree of operating leverage and financial leverage
(d) indicates the effect that changes in sales will have on earning per share
Choose the correct option
1
(a) and (b)
2
(b) and (c)
3
(b) and (d)
4
(c) and (d)