Trident Food Corporation has generated the following income statement for the most recent fiscal year ended December 31, 2015:

Sales revenues	150,000 $
Variable selling cost	(112,500)
Gross profit	37,500
Fixed operating costs	(24,000)
Net operating income (EBIT)	13,500
Faiz	(10,000)
pre-tax profit	3,500
Taxes (40%)	(1,400)
Net income	2,100

The selling price of each inventory item Trident Foods produces is $20.

What is the operating leverage rating, financing leverage rating, and overall leverage rating for Trident Foods?

Answer rating: 100% (QA)

I Degree of Operating Leverage Gross ... View the full answer