Question
Peters Ltd. manufactures camping stoves so campers can enjoy the great outdoors and a good cup of coffee! The company has the following information available
Peters Ltd. manufactures camping stoves so campers can enjoy the great outdoors and a good cup of coffee! The company has the following information available for the past year:
| Total sales | $175,000 |
| Total operating income | $16,000 |
| Degree of operating leverage | 6.50 |
If sales decreased by 10%, what is the new operating income?
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Mastering 21st Century Enterprise Risk Management
Authors: Gregory M Carroll
1st Edition
1483510441, 9781483510446
