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  3. a firm has sales of $2,000,000, variable cost of $

A firm has sales of $2,000,000, variable cost of $1,200,000 and fixed cost...

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Accounting

A firm has sales of $2,000,000, variable cost of $1,200,000 and fixed cost of $500,000 and debt of $600,000 at 5% rate of interest. Calculate the degrees of operating, financial and combined leverages. Explain what these degrees indicate.

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