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Bewick Company and Stout, Incorporated, both earn annual operating profits of $40 million on revenues of $150 million. Bewick Company has an operating leverage of
Bewick Company and Stout, Incorporated, both earn annual operating profits of $40 million on revenues of $150 million. Bewick Company has an operating leverage of 2.4 and Stout, Incorporated, has an operating leverage of 1.5.
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Calculate the break-even point in sales dollars for Bewick Company.
Calculate the break-even point in sales dollars for Stout, Incorporated.
Note: Round your answers to 1 decimal place. Enter your answers in millions.
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