Question: QUESTION 14 Mimou Co.'s contribution format income statement for the most recent month is shown below: Total Sales $ 96,000 Variable expenses 38,400 Contribution margin

QUESTION 14

Mimou Co.'s contribution format income statement for the most recent month is shown below:

Total

Sales

$ 96,000

Variable expenses

38,400

Contribution margin

57,600

Fixed expenses

45,120

Net operating income

$ 12,480

What is the company's degree of operating leverage? Round your answer to 2 decimal places.

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