Due in one hour :

Question 2: 6 points The financial statements for Carrefour Ltd. are presented below. The figures are presented in millions of dollars. The applicable corporate taxation rate is 40%. Sales $ 250 $ s Expenses Labor and materials Administration Depreciation Selling expenses Interest expense $ R8 R9 25 $ $ a. Calculate the amount of the company's net income. (1.5 points) b. (2.5 points) Compute the amount of the company's operating leverage and interpret its meaning for the firm. Information for Part (c) and (d): Suppose the market is not doing well and the sales figure for the firm will DROP to $220 milion On the basis of the relationships in the income statement, answer the two questions below: C. Determine the impact of the change inthe sales level (indicated above) on the operating leverage (riskiness) of the company and comment on the change. (1.5 points d. Estimate the impact of the change in the sales level indicated above) on the netincome (profitability) of the company and comment on the change (1.5 points)