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The company incurs costs of $21.47 million regardless of the output level. It sells 5.99 million units of its product at the price of $8.98,
The company incurs costs of $21.47 million regardless of the output level. It sells 5.99 million units of its product at the price of $8.98, and its variable costs per unit are $2.85. The company has $52 million of debt with an annual interest rate of 5.74%. What is the degree of operating leverage at the current level of sales? Round to two decimals. Blank 1. Calculate the answer by read surrounding text.
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