Question 3 - Voltar Company Read the information provided in the document 'Case Study - Voltar Company' provided in appendix and undertake the following: a) Calculate degree of operating leverage at present level of sales. b) Assume that through a more intense effort by the sales staff the company's sales increase by 6% next year. By what percentage would you expect net operating income to increase? Use the operating leverage concept to obtain your answer. c) Calculate Degree of Financial leverage and interpret your answer. d) Calculate combined leverage for Voltar Company and interpret your answer. Appendix Financial Securities Cash Flow Analysis Table Case Study - Voltar Company Information Defare