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Tom Company reports the following data:Sales$600,000Variable costs400,000Fixed costs100,000Determine Tom Company's operating leverage. If required, round answer to nearest whole number.
Commonsense Statements
Assertions or beliefs that are widely held and considered to be self-evidently true without need for proof.
Critical Thinking
The process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information to reach a conclusion.
Objective Judgments
involve making decisions or forming opinions based on unbiased facts and without the influence of personal feelings or prejudices.
Critical Thinking
The intellectually disciplined process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information to reach a conclusion.
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