Question: Consider the following summary modified income statement for Tech Inc.: Sales $536,000 Variable Operating Costs 217,000 Contribution Margin $319,000 Fixed Operating Costs 130,000 Operating Income
Consider the following summary modified income statement for Tech Inc.:
Sales $536,000
Variable Operating Costs 217,000
Contribution Margin $319,000
Fixed Operating Costs 130,000
Operating Income $189,000
Interest Expense 42,000
Net Income $147,000
Calculate Tech's degree of operating leverage.
DOL=?
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