Revenue from sales

$ 3,500,000

Cost of products sold

(1,700,000)

Gross profit

1,800,000

Operating expenses:

Selling expenses

$ 425,000

General expenses

350,000

(775,000)

Operating income

1,025,000

Other income

20,000

Interest

(70,000)

Operating income before income taxes

975,000

Taxes related to operations

(335,000)

Income from operations

640,000

Extraordinary loss (less applicable income taxes of $40,000)

(80,000)

Income before noncontrolling interest

560,000

Noncontrolling interest (loss)

(50,000)

Net income

$ 510,000

what is the calculated degree of financial leverage?