Please do not give solution in image format thanku Tom Company reports the following data.$314,336163,93656,400SalesVariable costsFixed costsDetermine Tom Company's operating leverage. Round your answer to one decimal place.

Sales=$314,336Variable cost=$163,936Fixed cost=$56,400Required:Operating Leverage=?

Answered: Tom Company reports the following data.…

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

Section: Chapter Questions

Problem 1PS

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Tom Company reports the following data. $314,336 163,936 56,400 Sales Variable costs Fixed costs Determine Tom Company's operating leverage. Round your answer to one decimal place.