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Describe what operating leverage is, and the difference between the degree of pre-tax cash flow operating leverage and the degree of accounting operating leverage (use
Describe what operating leverage is, and the difference between the degree of pre-tax cash flow operating leverage and the degree of accounting operating leverage (use formulas in your explanations). Under what conditions would a corporate decision-maker be more interested in the accounting metric? (maximum length guide: about 150 words)
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