16. Calculate Financial, Operating and combined leverages from the given information by preparing the profitability analysis. A firm details are as under: (10 marks) Sales 2200,000 Variable cost 50% from sales Fixed cost 800000 It has borrowed 1200,000 @ 10 % p. a Tax is 50% Marking Scheme: 5 marks on the profitability analysis and 5 marks on different leverages correct answers with steps)