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Question 4 of 4 < > Margaret Joseph sells gourmet chocolate chip cookies. The results of her last month of operations are as follows:
Question 4 of 4 < > Margaret Joseph sells gourmet chocolate chip cookies. The results of her last month of operations are as follows: Sales revenue $50,000 Cost of goods sold (all variable) 24,000 Gross margin 26,000 Selling expenses (70% variable) 8,000 Administrative expenses (20% variable) 12,000 Operating income $6,000 (a) Your answer is incorrect. What is Margaret's degree of operating leverage? (Round answer to 2 decimal places, eg. 52.75.) Operating leverage 0 C 0
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