Trident Food Corporation generated the following income statement for the most recent fiscal year:
Sales revenues $150,000
Variable cost of sales (112,500)
Gross profit 37,500
Fixed operating costs (24,000)
Net operating income (EBIT) 13,500
What is the degree of operating leverage for Trident Food?
?
A. ?2.78×
B. ?10.71×
C. ?3.86×
D. ?3.00×
E. ?4.00×
Answer: A
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