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Consider the following information from Smith & Smith, Inc.'s income statement: Sales (Number of Units) 1,370 Sale Price (Per Unit) $200 Variable Costs (Per Unit)
Consider the following information from Smith & Smith, Inc.'s income statement: Sales (Number of Units) 1,370 Sale Price (Per Unit) $200 Variable Costs (Per Unit) $100 Total Fixed Costs $54,000 Interest Expenses $17.000 Taxes $7.000 Calculate the firm's degree of combined leverage (DCL). (Provide your answer as a number with two decimal places.)
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