3. Hoskins Associates has the following information regarding last years operations. Sales 1,800,000 Variable costs 800,000 Contribution Margin 1,000,000 Fixed costs 500,000 Net operating income 500,000 A. What is the companys operating leverage? 2.00 Contribution/Net Operating Income B. If the companys sales increased by 20%, what would be the new net operating income? $700,000 C. How much will sales (% and dollars) need to increase in order for net operating income to increase by 20%? Percentage increase Dollar increase