Question
Lumiere Luxury Goods & Services Company's sales are 600,000, its fixed expenses are 150,000, and its variable expenses are 60% of sales. The DEGREE OF
Lumiere Luxury Goods & Services Company's sales are 600,000, its fixed expenses are 150,000, and its variable expenses are 60% of sales.
The DEGREE OF OPERATING LEVERAGE of its current operations is _______________.
Round-off final answer to 2 decimal places
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Advanced Financial Accounting
Authors: Theodore Christensen, David Cottrell, Cassy Budd
12th Edition
1260165116, 9781260165111
