Calculate the break-even points and the degrees of operating

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Reference no: EM132712319

Problem - The following is information for three local auto dealers:

 

Bell's Domestics

Junior's Used

Europe's Best

Industry Average

Average Selling Price

$40,000

$30,875

$59,460

$37,500

Unit Sales

1,512

1,832

872

1,265

Interest Expense

816,750

1,089,000

3,267,000

1,633,500

Variable Costs (% of Sales)

60%

45%

40%

48%

Fixed Costs

9,900,000

6,930,000

19,800,000

10,890,000

Preferred Dividends

815,000

0

452,000

315,000

Common Shares

4,500,000

7,200,000

2,700,000

6,300,000

Required -

a. Using the information given in the above table, construct income statements for each company and the industry average. Assume that each company faces a tax rate of 25%.

b. Calculate the break-even points and the degrees of operating, financial, and combined leverage for each company and the industry average.

c. Compare the companies to each other and the industry average. What conclusions can you draw about each operation?

Reference no: EM132712319

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