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Question 2: Morton Bay Fishing Ltd bought a new Seafood Warehouse that increases its sales from AUD 4.5 million to AUD 5.75 million. As a
Question 2: Morton Bay Fishing Ltd bought a new Seafood Warehouse that increases its sales from AUD 4.5 million to AUD 5.75 million. As a result, that led to an increase of net profit from AUD 2.5 million to AUD 3.5 million. Required: a. Calculate the degree of operating leverage (DOL) of Cotton on? b. Based on that calculated DOL, explain the role of fixed cost to operating profit of the company
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International Business Finance
Authors: Michael Connolly
1st Edition
0415701538, 9780415701532
