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The following income statement is provided for Grant, Inc. Sales revenue (2,700 @ $14.80 per unit) $ 39,960 Variable costs (2,700 @ $6.80 per unit)
The following income statement is provided for Grant, Inc.
| Sales revenue (2,700 @ $14.80 per unit) | $ | 39,960 | |
| Variable costs (2,700 @ $6.80 per unit) | 18,360 | ||
| Fixed costs | 7,400 | ||
| Net income | $ | 14,200 | |
What is this company's magnitude of operating leverage?
A. 2.81
B. 2.18
C. 1.29
D. 1.52
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Profit First For Dentists Proven Cash Flow Strategies For Financial Freedom
Authors: Barbara Stackhouse, Drew Hinrichs, Mike Michalowicz
1st Edition
1735907804, 978-1735907802
