Suppose a firm's profits increase 83 percent after sales change from $3.45 million to $4.85 million. What is the firm's degree of operating leverage (DOL)? Round your answer to two decimal places. Number

Suppose a firm's profits increase 83 percent after sales change from $3.45 million to $4.85 million. What is the firm's degree of operating leverage (DOL)? Round your answer to two decimal places. Number

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 22MC: If a firm has a contribution margin of $59,690 and a net income of $12,700 for the current month,...

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Suppose a firm's profits increase 83 percent after sales change from $3.45 million to $4.85 million. What is the firm's degree of operating leverage (DOL)?
Round your answer to two decimal places.
Number

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