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ABC corporation had sales of 696,000 and paid taxes of 71,000. The firm also borrowed some money from the local bank and paid 56,000 in
ABC corporation had sales of 696,000 and paid taxes of 71,000. The firm also borrowed some money from the local bank and paid 56,000 in interest expense. In addition the firm incurred variable cost and fixed cost of 251,000 and 286,000. if sales increased by 5% what should be the percentage change in the operating income?
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