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Consider the following summary modified income statement for Tech Inc.: Sales $584.000 Variable Operating Costs 250.000 Contribution Margin $334.000 Fixed Operating Costs 105.000 Operating Income
Consider the following summary modified income statement for Tech Inc.: Sales $584.000 Variable Operating Costs 250.000 Contribution Margin $334.000 Fixed Operating Costs 105.000 Operating Income $229.000 Interest Expense 23.000 Net Income $206.000 Calculate Tech's degree of operating leverage
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