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​Given the Following Information, What Happens to Operating Income and Net

question 37

Essay

​Given the following information, what happens to operating income and net income if output is increased by 10 percent? Verify your answer.​
Total assets $100,000
Debt (12% interest rate) $80,000
Equity $20,000
Variable costs of production $14 per unit

Fixed cost of production $27,000
Units sold 12,300
Sale price per unit $19.75


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