Question: 11.Using the latest income statement for Surfside Airlines presented in the table below, compute Surfsides degree of operating leverage (DOL), degree of financial leverage (DFL),

11.Using the latest income statement for Surfside Airlines presented in the table below, compute Surfsides degree of operating leverage (DOL), degree of financial leverage (DFL), and degree of total leverage (DTL).

Sales

$150,000

Variable Operating Costs

($105,000)

Gross Profit

$45,000

Fixed Operating Costs

($20,000)

Net Operating Costs

$25,000

Interest

($15,000)

EBT

$10,000

Taxes (40%)

($4,000)

NI

$6,000

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