Determine Teague Co.'s operating leverage. Round your answer to one decimal plac

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Teague Co. reports the following data:
Sales
$725,000
Variable costs
373,000
Contribution margin
$352,000
Fixed costs
132,000
Income from operations
$220,000
Determine Teague Co.'s operating leverage. Round your answer to one decimal place.
Transcribed Image Text:Teague Co. reports the following data: Sales $725,000 Variable costs 373,000 Contribution margin $352,000 Fixed costs 132,000 Income from operations $220,000 Determine Teague Co.'s operating leverage. Round your answer to one decimal place.
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