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Operating leverage Decatur Co. reports the following data: Line Item Description Amount Sales $693,600 Variable costs (423,100) Contribution margin $270,500 Fixed costs (217,500) Operating income
Operating leverage
Decatur Co. reports the following data:
| Line Item Description | Amount |
|---|---|
| Sales | $693,600 |
| Variable costs | (423,100) |
| Contribution margin | $270,500 |
| Fixed costs | (217,500) |
| Operating income | $53,000 |
Determine Decatur Co.s operating leverage. Round your answer to one decimal place.
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Financial Markets Instruments And Institutions
Authors: Anthony M. Santomero, David Babbel
2nd Edition
0072358688, 9780072358681
