Qantas Industries has fixed costs of $250,000 and profit of $125,000. What is its degree of operating leverage? a. 1.5 b. 3 c. 2 d. 2.5

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A: Step 1: Definition of Average Total AssetsAverage total assets refer to the average amount of assets…

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A: To calculate the price-earnings (P/E) ratio, follow these steps:Given data:Sales = $1,200,000Profit…