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May Clothing is a retail mens clothing store. Mays variable cost is $32.40 per shirt, and the sales price is $97.20 per shirt. May plans
May Clothing is a retail mens clothing store. Mays variable cost is $32.40 per shirt, and the sales price is $97.20 per shirt. May plans to sell 230,000 shirts for the year and, at this level, would generate a before-tax profit of $2,760,000. What is the degree of operating leverage (DOL) at this volume level? (Round your answer to 1 decimal place.)
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Accounting Principles
Authors: Jerry J. Weygandt, Valerie A. Kinnear, Donald E. Kieso, Paul D. Kimmel, Barbara A. Trenholm, Joan E. Barlow
6th Canadian Edition
1118557301, 978-1118557303
