Dippin Cookie Corporation had the following income statement for 2020: Sales $25,000 ...
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Accounting
Dippin Cookie Corporation had the following income statement for 2020:
| Sales | $25,000 |
| Less variable costs | (15,000) |
| Contribution margin | $10,000 |
| Less fixed costs | (8,000) |
| Net income | $ 2,000 |
Dippin Cookies 2020 operating leverage is:
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