Question: Using the Table below: Abreviated Income Statement $thousands, except EPS 31-Dec-20 31-Dec-19 Total Revenue 1,796,593 708,101 Cost of Goods Sold 420,168 231,789 Gross Profit 1,376,425

Using the Table below: Abreviated Income Statement $thousands, except EPS 31-Dec-20 31-Dec-19 Total Revenue 1,796,593 708,101 Cost of Goods Sold 420,168 231,789 Gross Profit 1,376,425 476,312 Operating Expenses 67,428 55,026 Operating Income 1,308,997 421,286 Interest & Taxes 492,351 277,175 Net Income 816,646 144,111 EPS, 50,000,000 shares outstanding 16.33 2.88 (Round all answers to two decimals, i.e. 12.00) a) Calculate the degree of operating leverage (DOL). Blank 1 b) Calculate the degree of financial leverage (DFL). Blank 2 c) Calculate the degree of combined leverage (DCL). Blank 3

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