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What is joseph operating leverage factor for current year

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Reference no: EM132517938

Joseph Czerniakow is the owner of a fish market. Use the following information to do a horizontal analysis of Joseph's income statement for the current year and prior year:

Account                                             Current year                                 Prior year

Cost of goods sold                      $120,000.00                             $105,000.00

Salaries                                     $84,000.00                                 $84,000.00

Rent and utilities                           $36,000.00                                 $24,000.00

Wages part-time employees                 $20,000.00                             $12,000.00

Sales revenues                                   $300,000.00                            $200,000.00

Account

Current year

Current assets                                     $ 30,000

Property and equipment                          $ 20,000

Total assets                                          $ 50,000

Total liabilities                                       $ 10,000

Total stockholders' equity                       $ 40,000

Total liabilities and equity                         $ 50,000

MARR = 10 %

Question 1: What is Joseph's operating leverage factor for the current year?

Reference no: EM132517938

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