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OceanGate sells external hard drives for $ 1 5 3 each. Its total fixed costs are $ 2 9 million, and its variable costs per
OceanGate sells external hard drives for $ each. Its total fixed costs are $ million, and its variable costs per unit are $ The corporate tax rate is If the economy is strong, the firm will sell million drives, but if there is a recession, it will sell only half as many.Required:What will be the percentage decline in sales if the economy enters a recession?Note: Negative value should be indicated by a minus sign. Round your answer to decimal places.What will be the percentage decline in profits if the economy enters a recession?Note: Negative value should be indicated by a minus sign. Round your answer to decimal places.Calculate the operating leverage of this firm?Note: Round your answer to decimal places.
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