You estimate that your cattle farm will generate $1 million of profits on sales of $4.3...

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You estimate that your cattle farm will generate $1 million of profits on sales of $4.3 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 $3.7 million? Note: Negative amount should be indicated by a minus sign. Round your answer to 1 decimal place. b. What if they are $4.9 million? Note: Round your answer to 1 decimal place. Answer is complete but not entirely correct. a. Profits will b. Profits will decline increase by 86.0 % by 93.8 % You estimate that your cattle farm will generate $1 million of profits on sales of $4.3 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 $3.7 million? Note: Negative amount should be indicated by a minus sign. Round your answer to 1 decimal place. b. What if they are $4.9 million? Note: Round your answer to 1 decimal place. Answer is complete but not entirely correct. a. Profits will b. Profits will decline increase by 86.0 % by 93.8 %