Smiths dairy products reported sales of 15 million in 2012


Smith's Dairy Products reported sales of $1.5 million in 2012 and $2.25 million in 2013. The firm's EBIT was $550,000 in 2012 and rose to $925,000 in 2013. What is the company's operating leverage?

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Financial Management: Smiths dairy products reported sales of 15 million in 2012
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