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Question 3 (7 marks) You have been presented with the following information pertaining to two different companies: Required a) Calculate the operating leverage for both

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Question 3 (7 marks) You have been presented with the following information pertaining to two different companies: Required a) Calculate the operating leverage for both companies X and Y. b) Identify the low leverage and the high leverage company. c) Calculate the impact of a 15% increase in sales for the 2 companies and comment on the working of the operating leverage. SHOW ALL CALCULATIONS CLEARLY. ROUNDING TO THE NEAREST 2 DECIMAL PLACES

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