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what is sleek's DOL (degree of operating leverage)? 4.0 2.2 1.2 3.3 Sleek, Inc. manufactures and sells skateboards. The company's income statement for 2021 is
what is sleek's DOL (degree of operating leverage)? 4.0 2.2 1.2 3.3
Sleek, Inc. manufactures and sells skateboards. The company's income statement for 2021 is as follows: Sales (10,500 boards @ $60 each).. $630,000 Less: Variable costs (10,500 boards at $25) 262,500 Fixed costs.. 200,000 Earnings before interest and taxes (EBIT). 167,500 Interest expense.. 62.500 Earnings before taxes (EBT). 105,000 Income tax expense (30%). 31500 Earnings after taxes (EAT). $ 73,500 What is Sleek's DOL (degree of operating leverage)Step by Step Solution
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