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The following income statement is provided for vargas, inc. sales revenue (2,600 units × $20.10 per unit) $ 52,260 cost of goods sold (variable; 2,600 units × $10.10 per unit) (26,260 ) cost of goods sold (fixed) (4,100 ) gross margin 21,900 administrative salaries (6,100 ) depreciation (5,100 ) supplies (2,600 units × $2.10 per unit) (5,460 ) net income $ 5,240 what is this company's magnitude of operating leverage
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The following income statement is provided for vargas, inc. sales revenue (2,600 units × $20.10 per...
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