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Consider the following information from Smith & Smith, Inc's income statement: Sales [Number of Units) 1,370 Sale Price (Per Unit) $190 Variable Costs (Per Unit)
Consider the following information from Smith & Smith, Inc's income statement: Sales [Number of Units) 1,370 Sale Price (Per Unit) $190 Variable Costs (Per Unit) $90 Total Fixed Costs $59.000 Interest Expenses $21,000 Taxes $12,000 Calculate the firm's degree of combined leverage (DCL). Provide your answer as a number with two decimal places.)
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