Macmillan Launchp linois State Univer... ECON To Do Assignments MUSIC Mineral ID geolog... History of Rock Chip Chapter 5 Homework Saved 8 00 Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Percent of Amount Sales 222 points Sales Variable expenses Contribution margin Fixed expenses $137,000 100% 54,800 40% 82,200 60% 18,000 Net operating incone $ 64,200 References 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 11 Required 2 Required 3 What is the company's degree of operating leverage? (Round your answer to 2 decimal places) Degree of cerbrig leverage d 1