Question: please, show your work A company achieved a target operating income of $30,000 last year. Variable expenses are 70% of sales and fixed expenses are

A company achieved a target operating income of $30,000 last year. Variable expenses are 70% of sales and fixed expenses are $7,500 The company's sales volume declined by 32% this year. Assuming that there is no change in total fixed expenses, compute the Degree of operating leverage this year. (Round to the two nearest decimal places) ANS
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
