Chapter 15, Problem 56RSCQ

Accounting-Operating leverage The CFO of Jupiter Journeys (JJ) expects this year's sales to be $3.5 million. EBIT is expected to be $1.5 million. The CFO knows that if sales actually turn out to be $3.2 million, JJ’s EBIT will be $1.3 million. What is JJ’s degree of operating leverage (DOL)?

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What was the company's total revenue for the year?