Question: Use the First Nation Travel data in E7-15A to answer the following questions: Requirements 1. What is First Nation Travels current margin of safety (in

Use the First Nation Travel data in E7-15A to answer the following questions:
Requirements
1. What is First Nation Travel’s current margin of safety (in dollars)?
2. What is First Nation Travel’s current operating leverage factor?
3. If sales volume increases 5% next quarter, by what percentage will First Nation’s operating income increase? What will the new operating income be?

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