Problem 2 Cove’s Cakes is a local bakery. Price and cost information follows: see image Required: 2. Assume that Cove sold 465 cakes last month. Calculate the company’s degree of operating leverage. 3. Using the degree of operating leverage, calculate the change in profit caused by a 15 percent increase in sales revenue

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A: As requested to solve 2 and 3 questions we are answering only that.