Question 3 Ginger Berhad had developed the following Income Statement for its operations ended 30 June 2021. RM'000 Sales 580,000 (-) Variable Cost 136,000 Contribution Margin 444,000 (-) Fixed Costs 80,000 Earnings Before Interest and Taxes (EBIT) 364,000 Interest Expense 46,000 Earnings Before Tax 318,000 Taxes @ 24% 76,320 Net Income 241,680 Required: a) Calculate the degree of operating leverage. (2 Marks) b) Calculate the degree of financial leverage. (2 Marks) c) Calculate the degree of combined leverage. (2 Marks) d) If sales should increase by 8%, by what percent would EBIT increase? (2 Marks) e) Ginger shares outstanding is 100,000. If sales should increase by 25%, calculate the new earning per share (EPS). (4 Marks)