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The magnitude of operating leverage for Blue Ridge Corporation is 3.4 when sales are $220,000 and net income is $38,000. If sales decrease by 6%,

The magnitude of operating leverage for Blue Ridge Corporation is 3.4 when sales are $220,000 and net income is $38,000. If sales decrease by 6%, net income is expected to decrease by what amount? Multiple Choice $2,280 $3.960 $1318 $7752

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