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945 XYZ Corporation 20x8 Income Statement (in $millions) Sales 1,954 Cost of Goods Sold (100% variable) 879 Operating Expense (100% fixed) Earnings Before Interest and

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945 XYZ Corporation 20x8 Income Statement (in $millions) Sales 1,954 Cost of Goods Sold (100% variable) 879 Operating Expense (100% fixed) Earnings Before Interest and Taxes 130 Interest Expense Earnings Before Taxes Taxes Net Income What is the DCL of XYZ? Assume Cost of Goods Sold is variable cost and all operating expenses are fixed costs. 195.40 325.67 107.50 21.67

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