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3. The following information of a manufacturing company is given: Sales Price: 6 TL /unit Variable cost: 4 TL/unit Sales Volume: 1,000,000 units Total Fixed

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3. The following information of a manufacturing company is given: Sales Price: 6 TL /unit Variable cost: 4 TL/unit Sales Volume: 1,000,000 units Total Fixed Costs: 600,000 TL Finance Expenses: 250,000 TL . a) Construct analytical income statement for this firm. b) Calculate degree of operating leverage (DOL) and comment. c) Calculate degree of financial leverage (DFL) and comment. d) Calculate degree of combined leverage (DCL) and comment. e) Comment about Company's business risk and financial risk by considering the following sector data DOL sector average = 1.8 DFL sector average = 0.9 DCL sector average = 2.1

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