INTERMEDIATE ACCT.-WILEYPLUS ACCESS
17th Edition
ISBN: 9781119595366
Author: Kieso
Publisher: WILEY
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The Snape Corporation has the following data for 2014:
Selling price per unit $10
Variable costs per unit $6
Fixed costs
Units sold
$20,000
12,000
Snape's 2014 operating leverage is:
a) 0.50
b) 2.00
c) 4.00
d) 1.71
Please provide the solution to this general accounting question using proper accounting principles.
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