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Apps For quick access, place your bookmarks here on the bookmarks bar. Import bookmarks now... The following income statement applies to Nagano Company for the

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Apps For quick access, place your bookmarks here on the bookmarks bar. Import bookmarks now... The following income statement applies to Nagano Company for the current year: Income Statement Sales revenue (250 units x $60) $15,000 Variable cost (250 units x $36) (9,000) Contribution margin 6,000 Fixed costs (2,000) Net income 4,000 Required a. Use the contribution margin approach to calculate the magnitude of operating leverage (Round your answer to 2 decimal places.) perating leverage times

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