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What is the difference between operating leverage and financial leverage? Avoid formulas. Given Sales = $19 mil., VCs = 12 mil., FCs = 5 mil.,

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What is the difference between operating leverage and financial leverage? Avoid formulas. Given Sales = $19 mil., VCs = 12 mil., FCs = 5 mil., Interest expense = 1 mil., tax rate = 40%. What's the degree of combined leverage? Explain what this number means

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