The following income statement is provided for Grant,Inc. $$\begin{array} { l r }
\text { Sales revenue (1,500@\$30per unit) } & \$ 45,000 \
\text { Variable costs } ( 1,500 @ \$ 14 \text { per unit) } & 21,000 \
\text { Fixed costs } & \underline{ 16,000} \
\text { Net incorne }& \underline{\$ 8,000 }\

\end{array}$$ What is this company's magnitude of operating leverage?
A) 0.33
B) 1.31
C) 2.00
D) 3.00

Question

The following income statement is provided for Grant,Inc. $$\begin{array} { l r } 
\text { Sales revenue (1,500@\$30per unit) } & \$ 45,000 \
\text { Variable costs } ( 1,500 @ \$ 14 \text { per unit) } & 21,000 \
\text { Fixed costs } & \underline{ 16,000} \
\text { Net incorne }&  \underline{\$ 8,000 }\

\end{array}$$ What is this company's magnitude of operating leverage?
A) 0.33
B) 1.31
C) 2.00
D) 3.00

Quizplus · Accepted Answer

The Answer of The following income statement is provided for Grant,Inc. $$\begin{array} { l r } 
\text { Sales revenue (1,500@\$30per unit) } & \$ 45,000 \
\text { Variable costs } ( 1,500 @ \$ 14 \text { per unit) } & 21,000 \
\text { Fixed costs } & \underline{ 16,000} \
\text { Net incorne }&  \underline{\$ 8,000 }\

\end{array}$$ What is this company's magnitude of operating leverage?
A) 0.33
B) 1.31
C) 2.00
D) 3.00

The Following Income Statement Is Provided for Grant,Inc What Is This Company's Magnitude of Operating Leverage? A) 0

The Following Income Statement Is Provided for Grant,Inc What Is This Company's Magnitude of Operating Leverage?
A) 0