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Engberg Company installs town sod in home yards. The company's most recent monthly contribution format income statement follows: Sales Variable expenses Contribution margin Fixed expenses Net operating income Amount $ 148,000 59, 200 88,300 16.000 $ 72,300 Percent of Sales 100 401 60 Required: 1 What is the company's degree of operating leverage? 2. Using the degree of operating leverage, estimate the impact on net operating income of a 28%. Increase in sales 3. Construct a new contribution format income statement for the company assuming o 28% increase in sales Complete this question by entering your answers in the tabs below Required 1 Required 2 Required What is the company's degree of operating leverage? (Round your answer to 2 decimal places.) Degree of operating leverage Required 2 > 1.24 int Required: 1. What is the company's degree of operating leverage? 2. Using the degree of operating leverage, estimate the impact on net operating income of a 28% increase in sales 3. Construct a new contribution format income statement for the company assuming a 28% increase in sales Complete this question by entering your answers in the tabs below Required! Required 2 Required Using the degree of operating leverage, estimate the impact on net operating income of a 20% increase in sales, thound your Intermediate calculations to 2 decimal places. Found your percentage answer to 2 decimal laces 1234 should be entered as 12.34) ) Nuf operating income 1. What is the company's degree of operating leverage? 2. Using the degree of operating leverage, estimate the impact on net operating income of a 28% increase in sales 3. Construct a new contribution format income statement for the company assuming a 28% increase in sales Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Construct a new contribution format income statement for the company assuming a 28% increase in sales Engberg Company Contribution Income Statement Amount Percent of Sales 56 % 0 % $ 0

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