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The following income statement is provided for Grant, Inc. Sales revenue (1,500 @ $30 per unit) Variable costs (1,500 @ 514 per unit) Fixed costs
The following income statement is provided for Grant, Inc. Sales revenue (1,500 @ $30 per unit) Variable costs (1,500 @ 514 per unit) Fixed costs Net income $ 45,000 21,000 16,000 $ 8,000 What is this company's magnitude of operating leverage? 0.33 1.31 2.00 3.00
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