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  3. consider the following summary modified income sta

Consider the following summary modified income statement for Tech Inc. : Sales $589,000 Variable Operating...

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Accounting

Consider the following summary modified income statement for Tech Inc.

: Sales $589,000

Variable Operating Costs 217,000

Contribution Margin $372,000

Fixed Operating Costs 149,000

Operating Income $223,000

Interest Expense 21,000

Net Income $202,000

Calculate Tech's degree of operating leverage.

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