Part A: In two or more sentences, explain what a variable expense is and provide at least two examples. Part B: In two or more sentences, explain what a fixed expense is and provide at least two examples.

Calculate riverside’s financial ratios for 2014. assume that riverside had $1,000,000 in lease payments and $1,400,000 in debt principal repayments in 2014. (hint: use the book discussion to identify the applicable ratios.)