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Use the following data to answer Questions 40 and 41.
  Jayco, Inc., sells 10,000 units at a price of $5 per unit. Joyco's fixed costs are $8,000, interest expense is $2,000, variable costs are $3 per unit, and EBIT is $12,000.

1.Jayco' s degree of operating leverage (DOL) and degree of financial leverage (DFL) are closest to:
  • A.2.50 DOL and 1.00 DFL.
  • B.1.67 DOL and 2.00 DFL.
  • C.1.67 DOL and 1.20 DFL.

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