2. Genesis company manufactures and sells for high tech geological environment. The company's contribution format income statement for 2020 is given below Sales (40,000 units) $2,400,000 Variable expenses 1,800,000 Contribution man Fixed expenses 180,000 Neocom Management on to increase company's profit and has asked for an analysis of a number of Required: 1 Compute the company's CM ratio and variable expense ratio 2. Compute the comparw's breakeven point in both unit sales and dollar sales 3. Assume that sales increase by $ 800,000 next year. If cost behavior patterns remain unchanged, by how much will the company's net operating income will increase ? Use the CM ratio to compute your answer 4. Refer to the original data. Assume that next year Management wants the company to earn at least S180,000. How many units will have to be sold to earn this target profit? 5. Refer to the original data compute the company's margin of safety in both dollar and percentage form 6 Compute the company's degree of operating leverage at the present level of sales 7. Assume that through a more intensive effort by the sales staff, the company's sales increase by 10% next year. By what percentage would you expect the operating income will increase? Use the degree of operating leverage to obtain your answer B Verify your answer to by preparing an income statement showing the 10% increase in sales Show computations