Help Save & Exit Submit 9 1 pots 034705 Book References Exercise 5-9 (Algo) Compute and Use the Degree of Operating Leverage [LO5-8] Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Sales Variable expenses Contribution margin Fixed expenses Net operating income Required: Amount Percent of Sales $ 128,000 100% 51,200 40 76,000 60% 19,000 $ 57,800 1. What is the company's degree of operating leverage? 2. Using the degree of operating leverage, estimate the impact on net operating income of a 17% increase in unit sales 3. Construct a new contribution format income statement for the company assuming a 17% increase in unit sales. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the company's degree of operating leverage? (Round your answer to 2 decimal places.) Degree of operating leverage Required 2> EMBUNU 9 points Help Save & Exit Submit Exercise 5-9 (Algo) Compute and Use the Degree of Operating Leverage (LOS-8) Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Sales Variable expenses 024654 Contribution margin Fixed expenses Net operating income Percent of Amount $128,000 Sales 100% 51,200 40 76,000 60% 19,000 $ 57,000 Heferences Required: 1. What is the company's degree of operating leverage? 2. Using the degree of operating leverage, estimate the impact on net operating income of a 17% increase in unit sales. 3. Construct a new contribution format income statement for the company assuming a 17% increase in unit sales. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the degree of operating leverage, estimate the impact on net operating income of a 17% increase in unit sales. (Round your intermediate calculations to 2 decimal places. Round your percentage answer to 2 decimal places (ie 1234 should be entered as 12.34).) Net operating income 6 1 points 03:46.36 ebook Exercise 5-9 (Algo) Compute and Use the Degree of Operating Leverage [LO5-8] Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Sales Variable expenses Contribution margin Fixed expenses Net operating Incone Amount $ 120,000 51,200 Percent of Sales IN 76,000 60% 19,000 $57,000 Required 1. What is the company's degree of operating leverage? 2. Using the degree of operating leverage, estimate the impact on net operating income of a 17% increase in unit sales 3. Construct a new contribution format income statement for the company assuming a 17% increase in unit sales Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Construct a new contribution format income statement for the company assuming a 17% increase in unit sales Engberg Company Contribution income Statement Amount Percent of Sales %