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Spicer Company reports a contribution margin of $720,000 and net income of $240,000. 1)Compute the companys degree of operating leverage. 2)If sales increase by 10%,

Spicer Company reports a contribution margin of $720,000 and net income of $240,000.

1)Compute the companys degree of operating leverage.

2)If sales increase by 10%, what amount of income will Spicer Company report?

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