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The February contribution format income statement of Caines Corporation appears below: Sales........ Variable expenses Contribution margin........ Fixed expenses................ Net operating income.. $259,200 176.400 82.800 59.100
The February contribution format income statement of Caines Corporation appears below: Sales........ Variable expenses Contribution margin........ Fixed expenses................ Net operating income.. $259,200 176.400 82.800 59.100 $.23.700 The degree of operating leverage is closest to: 3.49 0.09 0.29 10.94
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