Multiple Choice
If the contribution margin ratio is 0.60, targeted operating income is $95,000, and targeted sales volume in dollars is $530,000, then the degree of operating leverage is ________.
A) 0.30 times
B) 0.67 times
C) 3.35 times
D) 2.23 times
Correct Answer:
Verified
Correct Answer:
Verified
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