Hillary's Restaurant Has the Following Information Available Regarding Last Year's

Hillary's Restaurant has the following information available regarding last year's operations:
$\begin{array}{lr}\text { Sales }& \$ 900000 \\\text { Variable costs } &\underline{ 300000}\\\text { Contribution margin } &600000 \\\text { Fixed costs } & \underline{175000}\\\text { Net income } & \underline{ \$ 425000}\end{array}$
The company's operating leverage was:

A) .71
B) 1.50
C) 2.12
D) 1.41

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free