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Assume Wrigley Chewing Gum Company sells cartons of gum at $10.00 each. Variable costs of production and packaging are $6.00, and company fixed costs are
Assume Wrigley Chewing Gum Company sells cartons of gum at $10.00 each. Variable costs of production and packaging are $6.00, and company fixed costs are $57,000,000. The companys current sales level is 20,000,000 cartons. What is Wrigley Chewing Gum Companys approximate degree of operating leverage?
3.5
6
2.7
4
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