The Harding Company manufactures skates. The companys income statement for 20X1 is as follows:
	HARDING COMPANY
	Income Statement
	For the Year Ended December 31, 20X1
	Sales (10,500 skates @ $60 each)		$630,000
	Less: Variable costs (10,500 skates at $25)	262,500
	Fixed costs			200,000
	Earnings before interest and taxes (EBIT)	$167,500
	Interest expense			62,500
	Earnings before taxes (EBT)		$105,000
	Income tax expense (30%)		31,500
	Earnings after taxes (EAT)		$73,500
	Given this income statement, compute the following:
	a. Degree of operating leverage.
	b. Degree of financial leverage.
	c. Degree of combined leverage.
	d. Break-even point in units (number of skates).
	Solution
	Problem 5-11
	Instructions
	Using the Income Statement (above) and the information (below), compute the degree of operating leverage,
	degree of financial leverage, degree of combined leverage, and the break-even point in units.
	Information:
	Unit sales		10,500
	Selling price		$60
	Variable cost per unit	$25
	a. Degree of operating leverage	FORMULA	times
	b. Degree of financial leverage	FORMULA	times
	c. Degree of combined leverage	FORMULA	times
	d. Break-even point in units	FORMULA	skates

Please provide the Excel formulas for each section which indicate FORMULA. Thank you.