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The Harding Company manufactures skates. The company's Income statement for 20X1 is as follows: d KARDING COOLANY Tu Staten For the Yearded December 31, 20x1.
The Harding Company manufactures skates. The company's Income statement for 20X1 is as follows: d KARDING COOLANY Tu Staten For the Yearded December 31, 20x1. Sales (11,300 skates 576 anch) $ 850,000 Variable conta (11.300 askatas at 3) 372,900 Tixed costs 280,000 Earnings before interest and taxes (ET) $ 205,900 Interest expense 66,500 Barning before taxes (RBT) $ 139.400 Income tax expense (200) 27,980 Tarning after taxes (ET) 5111,520 * 3. Compute the degree of operating leverage. (Round your answer to 2 decimal places.) Degree of operating loverho b. Compute the degree of financial leverage. (Round your answer to 2 decimal places.) Degree of financial Severne Prov 1 of 10 Next > 3 00 $ 4 2 3 5 7 8 2 2. 3 E R 0 . s D F G
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