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How much profits will increase

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Problem 1: The fishing company reported sales of $150,000, variable costs of $50,000, and fixed costs of $20,000. What is operating leverage?

Problem 2: Assume the same facts as question 24. If sales increase 30%, then profits will increase by how much?

Group of answer choices

Option 1: 37.5%

Option 2: 42.5%

Option 3: 32.5%

Option 4: 30.5%

Reference no: EM132827730

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