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Please show Excel formula Consider the following data from a firm's income statement: Inputs Variable Costs (Percent of Sales) Fixed Costs Profits Macrotech 75% $4,750,000
Please show Excel formula
Consider the following data from a firm's income statement: Inputs Variable Costs (Percent of Sales) Fixed Costs Profits Macrotech 75% $4,750,000 $3,500,000 Hera Technology 60% $5,500,000 $4,000,000 Required: Using any necessary data above, calculate the degree of operating leverage for each firm. Then determine which firm will likely perform better during an economic boom. (Use cells A5 to C7 from the given information to complete this question.) Macrotech Hera Technology Operating Leverage Degreee of Operating Leverage Which firm will likely perform better during an economic boomStep by Step Solution
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