Miller's Dairy Products reported sales of $1.5 million in 2002 and $2.25 million in 2003.Their EBIT in 2002 was $550,000 and in 2003 the EBIT rose to $925,000.What is the company's operating leverage?
A) 2.36
B) 1.36
C) 1.96
D) 2.86
Correct Answer:
Verified
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