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Need help with determining the correct t formula. Thank you The following information was drawn from the records of Calico Company Income Statement Sales Revenue

Need help with determining the correct t formula. Thank you

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The following information was drawn from the records of Calico Company Income Statement Sales Revenue (170 @ $520 per unit) $ 88, 400 Cost of Goods Sold: Variable (170 @ $220 per unit) (37, 400) Fixed (17, 080) Gross Margin 34 , 000 Sales Commissions (170 @ $40) (6,800) Depreciation (2, 800) Net Income $ 24, 400 Based on this information the magnitude of operating leverage is approximately (round to nearest hundredth)

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