* Calculate (DOL) Degree Operating Leverage? 2020 Select one O'Keefe Industries Balance Sheet as of December 31, 2020 2020 2019 2020 2019 Cash & Cash equivalents 9600 5600 Accounts Payable 6827 4160 Marketability Securities 8533 3200 Notes Payable 3277 1664 Accounts Receivable 12800 7200 Accruals 12800 10400 Notes Receivable 7680 7680 Total Current Liabilities 22903 16224 Invertory 10667 6400 long-Term Debt 18323 9734 Total Current assets 49280 30080 Total Liabilities 41226 25958 Stockholders Paid in Capital (common stock) par Value 3 $ 27000 27000 Compulsory Reserves 10667 8000 Voluntary Reserve 3456 2704 Retained Earnings 2463 2515 Net Fixed Assets 39532 40097 Preferred Stock 4000 4000 Total Equity 47586 44219 Total Assets 88812 70177 Total Liabilities & Shareholders 88812 70177 O'Keefe Industries Income Statement December 31, 2020 2020 2019 Net Sales Less: Cost of Goods Sold Assume gross profits Less: Total Operating Expenses 106667 80000 42667 32000 64000 48000 Seling Expense General & Administrative Expenses Depreciation Lease Expense (Payments) Total Operating Expenses EBIT (Operating Income) 9600 6400 10667 6960 10667 4800 4267 2800 35200 20960 28800 27040 3413 1280 Net Income Before Taxes 26029 24426 Less: Taxes 24% 6247 8549 Net Income after Interest and Taxes 19782 15877 Less: Preferred Stock Dividends 3363 1905 Net Income available for Common Equity 16419 13972 Market Price Per share 8 22.222 Degree 2.22 Degree O 0.45 Degree 1.222 Degree O 3.17 Degree O 2.35 Degree O