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please solve for part b The following income statement relates to Riley Company for the year: Required: Q. Calculate the magnitude of operating leverage Note:
please solve for part b
The following income statement relates to Riley Company for the year: Required: Q. Calculate the magnitude of operating leverage Note: Round your answer to 2 decimal places. b. Use the measure of operating leverage to determine the amount of net income Riley will earn if sales increase by 6 percent. Note: Round your intermediate calculations to 2 decimal places. The following income statement relates to Riley Company for the year: Required: Q. Calculate the magnitude of operating leverage Note: Round your answer to 2 decimal places. b. Use the measure of operating leverage to determine the amount of net income Riley will earn if sales increase by 6 percent. Note: Round your intermediate calculations to 2 decimal places Step by Step Solution
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