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Chico's has sales of 16,000 units at a price of $20.85 per unit. The firm incurs fixed operating costs of $29,500 and variable operating costs

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Chico's has sales of 16,000 units at a price of $20.85 per unit. The firm incurs fixed operating costs of $29,500 and variable operating costs of $13.85 per unit. What is Chico's degree of operating leverage (DOL) at a base level of sales of 16,000 units? The degree of operating leverage is | |. (Round to two decimal places.)

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