Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If sales are $303,000, variable costs are 75% of sales, and operating income is $39,300, what is the operating leverage? a.1.9 b.0.0 c.5.8 d.1.4
If sales are $303,000, variable costs are 75% of sales, and operating income is $39,300, what is the operating leverage?
a.1.9
b.0.0
c.5.8
d.1.4
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started