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The Poseidon Swim Company produces swim trunks. The average selling price for one of their swim trunks is $88.10. The variable cost per unit is
The Poseidon Swim Company produces swim trunks. The average selling price for one of their swim trunks is $88.10. The variable cost per unit is $27.08, Poseidon Swim has average fixed costs per year of $5,082.
Determine the degree of operating leverage for the level of production and sales 360 swim trunks.
Round the answer to two decimal places.
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