Question: Consider the following summary modified income statement for Tech Inc.: Sales $541,000 Variable Operating Costs 298,000 Contribution Margin $243,000 Fixed Operating Costs 136,000 Operating Income
Consider the following summary modified income statement for Tech Inc.: Sales $541,000 Variable Operating Costs 298,000 Contribution Margin $243,000 Fixed Operating Costs 136,000 Operating Income $107.000 Interest Expense 29,000 Net Income $78,000 Calculate Tech's degree of operating leverage. 2 Degree of Operating Leverage
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