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The magnitude of operating leverage for Perkins Corporation is 3.4 when sales are $100,000. If sales increase to $110,000, profits would be expected to increase by what percent? a. 34% b. 2.9% c. 3.4% d. 37%

The magnitude of operating leverage for Perkins Corporation is 3.4 when sales are $100,000. If sales increase to $110,000, profits would be expected to increase by what percent? a. 34% b. 2.9% c. 3.4% d. 37%

EBK CFIN
EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter16: Financial Planning And Control
Section: Chapter Questions
Problem 18PROB
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The magnitude of operating leverage for Perkins Corporation is 3.4 when sales are $100,000. If sales increase to $110,000, profits would be expected to increase by what percent? a. 34% b. 2.9% c. 3.4% d. 37%
Transcribed Image Text:The magnitude of operating leverage for Perkins Corporation is 3.4 when sales are $100,000. If sales increase to $110,000, profits would be expected to increase by what percent? a. 34% b. 2.9% c. 3.4% d. 37%
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