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Q 6 ) Global Tech company' mission is to provide a global trading platform where anyone can trade practically anything. However, business has not always

Q6) Global Tech company' mission is to "provide a global trading platform where anyone can trade practically anything." However, business has not always been as profitable for Global Tech. In the first quarter of 2011, Global Tech reported revenue of $154 million and operating expenses of $123 million for an operating profit of $31 million. In the first quarter of 2012 Global Tech reported that revenue had increased 59%, to $245 million. Global Tech fixed costs were $37 million and variable costs vary with the amount of revenue. Compute Global Tech operating income for the first quarter of 2012 and its percentage increase in operating income between 2011 and 2012.(10 marks)
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