Anwer waved Marked out of 900 F Flag question Snarry Bow Ties Ltd, produces a single product. Last year's income statement is as follows: Total Units Per Unit Sales $ 1,200,000 80,000 $ 15.00 Variable expenses 840,000 Contribution margin 360,000 Fixed expenses 205,000 Net income 155.000 C. Required: (9 marks total) Round all calculations to 2 decimal places. a. Calculate the contribution margin ratio. (1 mark) b. Calculate the breakeven point in units. (1 mark) Calculate the breakeven point in sales dollars. (1 marks) d. Calculate the margin of safety percentage and briefly explain what this mearn. (2 marks) e Calculate the degree of operating leverage (1 mark) t. Many companies in the same industry have a DOL of 4. What does it indicate about this company as compared to the competition? (1 mark) g. If sales are expected to increase by 5%, calculate the expected net income. Use your answer in part (t) to determine this answer. (2 marks) . - iii 11 D