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Assume that the operating results for last year were as follows: Sales $ 2,160,000 Variable expenses 1,080,000 Contribution margin 1,080,000 Fixed expenses 200,000 Net operating
Assume that the operating results for last year were as follows: Sales $ 2,160,000 Variable expenses 1,080,000 Contribution margin 1,080,000 Fixed expenses 200,000 Net operating income $ 880,000 a. Compute the degree of operating leverage at the current level of sales. (Round your answer to 2 decimal places.)
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