Question: Problem 10-16 Operating leverage You estimate that your cattle farm will generate $1 million of profits on sales of $4.5 million under normal economic conditions

Problem 10-16 Operating leverage You estimate that your cattle farm will generate $1 million of profits on sales of $4.5 million under normal economic conditions and that the degree of operating leverage is 8 . a. What will profits be if sales turn out to be $3.9 million? Note: Negative amount should be indicated by a minus sign. Round your answer to 1 decimal place. b. What if they are $5.1 million? Note: Round your answer to 1 decimal place

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