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Place Corporation had the following income statement for the current year: Required: Calculate the operating leverage ratio. Round your answer to four decimal places. Use

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Place Corporation had the following income statement for the current year: Required: Calculate the operating leverage ratio. Round your answer to four decimal places. Use the rounded amount in any subsequent computations. If sales increase by 20 percent, what will be the percentage change in income? _____% If sales increase by $15,000, how much will income increase

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