Multiple Choice
Woods Company originally expected to earn operating income of $150,000 next year. Woods's degree of operating leverage is 2.4. Recently, Woods revised its plans and now expects to increase sales by 20% next year.
-Refer to the Figure.What is the percent change in operating income expected by Woods in the coming year?
A) 8.3%
B) 20.0%
C) 30.0%
D) 48.0%
Correct Answer:
Verified
Correct Answer:
Verified
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