Firm reported earning for the last quarter

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Consider a retail firm in October of 2008. (i.e., during a severe market downturn). The firm has high fixed cost and has high financial leverage relative to the other firms in the industry. What would you expect to have happened to this fir s reported earning for the last quarter of 2008? A. Reported earnings would fall by less than the industry average B. Reported earnings would fall by more than the industry average C. Reported earnings would increase by less than the industry average D. Reported earnings would increase by more than the industry average

Reference no: EM131588189

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