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Can someone help me determine the correct responses to this question? Europa Publications, Inc. specializes in reference books that keep abreast of the rapidly changing

Can someone help me determine the correct responses to this question?image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Europa Publications, Inc. specializes in reference books that keep abreast of the rapidly changing political and economic issues in Europe. The results of the company's operations during the prior year are given in the following table. All units produced during the year were sold. (Ignore income taxes.) $1,700,000 515,500 838,500 Sales revenue Manufacturing costs: Fixed Variable Selling costs: Fixed Variable Administrative costs: Fixed Variable 34,000 64,000 74,000 29,000 Required: 1-a. Prepare a traditional income statement for the company. 1-b. Prepare a contribution income statement for the company. 2. What is the firm's operating leverage for the sales volume generated during the prior year? 3. Suppose sales revenue increases by 12 percent. What will be the percentage increase in net income? 4. Which income statement would an operating manager use to answer requirement (3)? Req 1A Req 1B Req 2 Req 3 Req 4 Prepare a traditional income statement for the company. EUROPA PUBLICATIONS, INC. Income Statement For the Year Ended December 31, 20XX Sales 0 Cost of goods sold Gross margin Operating expenses: Selling expenses Administrative expenses 0 Net income $ 0 Complete this question by entering your answers in the tabs below. Req 1A Req 1B Reg 2 Reg 3 Reg 4 Prepare a contribution income statement for the company. EUROPA PUBLICATIONS, INC. Income Statement For the Year Ended December 31, 20XX Sales Variable expenses: Variable manufacturing expense Variable selling expense Variable administrative expense Fixed administrative expense 0 $ 0 Fixed expenses: Fixed manufacturing expense Fixed selling expense Fixed administrative expense 0 Net income 0 Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Req 3 Req 4 What is the firm's operating leverage for the sales volume generated during the prior year? (Round your answer to 2 decimal places.) Operating leverage Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Req 3 Req 4 Suppose sales revenue increases by 12 percent. What will be the percentage increase in net income? (Do not round intermediate calculations. Round your answer to 1 decimal place.) Percentage increase in net income %

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Could i please get some help with this? Thanks.

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