Exercise D3-15 Hogue Sports Hut provides individual instruction and coaching to children participating in the city's baseball, softball, basketball, and soccer youth leagues. Last year's results were as follows: Sales revenue Variable expenses 646,000 Contribution margin 304,000 Fixed expenses Operating income $121,600 $950,000 182,400 What is Hogue Sports Hut's degree of operating leverage? (Round answer to 2 decimal place, e.g. 13.25.) Operating leverage If Anna Hogue, the company's president, is successful in increasing sales revenue by 8%, by what percent will the company's operating income increase? (Round answer to 2 decimal place, eg. 13.25%.) Increase in operating income