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5) Tariq Glass Inc. has following income statement for last year Tariq Glass Inc. Income Statement 2019 Sales Variable Cost Contribution Margin 3,000,000 1,700,000 1,300,000

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5) Tariq Glass Inc. has following income statement for last year Tariq Glass Inc. Income Statement 2019 Sales Variable Cost Contribution Margin 3,000,000 1,700,000 1,300,000 Fixed Cost Profit from operations 550,000 750,000 Finance Cost Profit before taxation 100,000 650,000 Taxation Profit after taxation 250,000 400,000 Using the income statement above, calculate the following: (3+3+3 marks) a) Breakeven Sales b) If Tariq Glass is targeting Profit from Operations of Rs.1,000,000 how much sales they should make? c) Degree of Operating Leverage

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