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Consider the following information for Waffle Inc. for the current year: Contribution margin ratio 35% Unit variable cost $7 Fixed costs $35,900 Sales for the

Consider the following information for Waffle Inc. for the current year: Contribution margin ratio 35% Unit variable cost $7 Fixed costs $35,900 Sales for the previous year $89,500 What would be the effect on operating income if sales for the current year increased by 8%? 

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