Internet Exercise c. Calculate the degree of combined leverage for each of the three years. Does it appear that Siam Food's leverage measures have been increasing or decreasing over this period? d. Create a line chart that shows how the various leverage measures have changed over this three-year period. 3. The following is information for three local auto dealers: Europe's Best Industry Average $32,670 1,238 $56,628 Junior's Used $29,403 1,832 1,089,000 45% Average Selling Price Unit Sales Interest Expense Variable Costs (% of Sales) Fixed Costs 842 Bell's Domestics $38,115 1,485 816,750 60% 9,900,000 990,000 4,500,000 1,633,500 48% 6,930,000 0 3,267,000 40% 19,800,000 594,000 2,700,000 10,890,000 297,000 6,300,000 Preferred Dividends Common Shares 7,200,000 a. b. Using the information given in the above table, construct income statements for each company and the industry average. Assume that each company faces a tax rate of 35%. Calculate the break-even points and the degrees of operating, financial, and combined leverage for each company and the industry average. Compare the companies to each other and the industry average. What conclusions can you draw about each operation? c. Internet Exercise 1. Following the instructions from Internet Exercise 1 in Chapter 3, get the income statements for the company of your choice for the past three years from the SEC's Edgar System web site. Now repeat the analysis from Problem 2, assuming that cost of revenue and SG&A expense are variable costs and all other operating expenses are fixed costs