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A company's sales have increased from $1,107,900 to $1,309,225. Its operating income has increased from $232,000 to $315,937, and its earnings per share increased from

A company's sales have increased from $1,107,900 to $1,309,225. Its operating income has increased from $232,000 to $315,937, and its earnings per share increased from 1.30 to 1.50. Calculate the degree of financial leverage.

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