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Goff Corporation's contribution format income statement for the most recent month follows: Sales $ 606,000 Variable expenses 236,500 Contribution margin 369,500 Fixed expenses 241,700 Net operating income $ 127,800 Required: Compute the degree of operating leverage to two decimal places
Goff Corporation's contribution format income statement for the most recent month follows:
|
Sales |
$ |
606,000 |
|
Variable expenses |
236,500 |
|
|
Contribution margin |
369,500 |
|
|
Fixed expenses |
241,700 |
|
|
Net operating income |
$ |
127,800 |
Required:
- Compute the degree of operating leverage to two decimal places.
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