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Question 33 $220 Consider the following information from Smith & Smith, Inc.'s income statement: Sales (Number of Units) 1,300 Sale Price (Per Unit) Variable Costs

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Question 33 $220 Consider the following information from Smith & Smith, Inc.'s income statement: Sales (Number of Units) 1,300 Sale Price (Per Unit) Variable Costs (Per Unit) $110 Total Fixed Costs $55,000 Interest Expenses $18,000 Taxes $7,000 Calculate the firm's degree of combined leverage (DCL). (Provide your answer as a number with two decimal places.)

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