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The following income statement is provided for Grant, Inc. Sales revenue (1,800 @ $15.30 per unit) Variable costs (1,800 @ $7.30 per unit) Fixed costs
The following income statement is provided for Grant, Inc. Sales revenue (1,800 @ $15.30 per unit) Variable costs (1,800 @ $7.30 per unit) Fixed costs Net income $27,540 13,140 3,900 $10,500 What is this company's magnitude of operating leverage? (Round your answer to 2 decimal places.) Multiple Choice 1.25 2.10. 2.62 < Prev 11 of 50 Next >
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