components that explain the change in operating income from 2016 to 2017. 3. Comment on your answers in requirement 2. What does each of these components indicate? 12-23 Analysis of growth, price-recovery, and productivity components (continuation of 12-21 and 12-22). Refer to Exercise 12-22. Suppose that the market for silk- screened T-shirts grew by 10% during 2017. All increases in sales greater than 10% are the result of Dhyanchand's strategic actions. Required: Calculate the change in operating income from 2016 to 2017 due to growth in market size, product differentiation, and cost leadership. How successful has Dhyanchand been in implementing its strategy? Explain.