Question: Using the Van Accessible data from table 5-4: Table 5-4 Abreviated Income Statement The Van Accessible Corp all figures in $thousands except Earnings Per Share

Using the Van Accessible data from table 5-4:

Table 5-4 Abreviated Income Statement The Van Accessible Corp
all figures in $thousands except Earnings Per Share
31-Dec-13 31-Dec-12
Total revenue 1,789,654 703,904
Cost of Revenue 478,963 275,963
Gross Profit 1,310,691 427,941
Operating Expenses 65,987 57,896
Operating Income 1,244,704 370,045
Interest and Taxes 544,444 289,635
Net Income 700,260 80,410
Earnings Per Share 50,000,000 Shares outstanding 14.01 1.61
a. calculate the degree of operating leverage(DOL) b. calculate the degree of financial leverage(DFL) c. Calculate the degree of combined leverage(DCL) d. Explain what the DOL, DFL, and DCL mean

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