Question: Chapter 5 is all about leverage, Operating Leverage and Financial Leverage. Discuss the general concept of leverage, how wem use it in everyday lives and

Chapter 5 is all about leverage, Operating Leverage and Financial Leverage. Discuss the general concept of leverage, how wem use it in everyday lives and in the context if Corporate Finance. What are the impacts, consequences of Operating Leverage (ma machine) and Financial Leverage (debt vs equity) on: The Balance Sheet Top of the Income Statement, Operating Income Bottom of the Income Statement, Earnings After Taxes and Earnings Per Share Try to incorporate the Toyota article in your discussion

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