Business Risk, 12
Financial Risk, 13
Leverage: A Definition, 13
Basic Risks and Proportions, 14
Balancing Leverage, 16
The Anatomy of Financial Leverage, 17
The Anatomy of Operating leverage, 20
Total Risk, 22
Leverage Measurement, 23
Theory vs. Reality: Financial Leverage, 24 Theory vs. Reality: Operating Leverage, 24 Theory and Reality: Total Leverage, 25
Leverage Management, 27
Sources of Variation, 28
Return on Equity, 30,
The Forces Behind Leverage, 31
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