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Use the high fixed expense income statement where contribution margin = $700, fixed expenses = $600, and net operating income = $100. Using the degree

Use the "high fixed expense income statement" where contribution margin = $700, fixed expenses = $600, and net operating income = $100. Using the degree of operating leverage, calculate the percentage increase in Net Operating Income if sales dollars increase by 20%.

140%

7%

20%

80%

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