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Lydic Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range.
Sales (4,000 units) $ 160,000
Variable expenses 112,000
Contribution margin 48,000
Fixed expenses 38,400
Net operating income $ 9,600
The degree of operating leverage is closest to:
Multiple Choice
0.06
16.67
5.00
0.20
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