FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Sheridan Corp.
Sunland, INC.
Sales revenue
$644,000
$644,000
Variable costs
299,000
172,500
Contribution margin
345,000
471,500
Fixed costs
230,000
356,500
Net income
$115,000
$115,000
(a)
Compute the degree of operating leverage for each company. (Round answers to 1 decimal place, e.g. 15.5.)
Sheridan
Sunland
Degree of
Operating Leverage
|
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