1. A simple indication of_______________ is to look at how earnings are affected by a change in sales. 2. Total leverage is a measure of______________ . It measures how___________ is affected by a...

1. A simple indication of_______________ is to look at how earnings are affected by a change in sales.

2. Total leverage is a measure of______________ . It measures how___________ is affected by a change in sales.

3. Total leverage is the _______________of and _____________.

4. There are four positions regarding the relationship between valuation and leverage. They are the _____________, the _______________, the ________________, and the______________ .