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Omega Company has sales of $ 4 8 0 , 0 0 0 and cost of goods sold of $ 2 9 0 , 0

Omega Company has sales of $480,000 and cost of goods sold of $290,000. The cost of goods sold is a variable cost. The company incurred $38,000 of fixed operating expenses and $58,000 of variable operating expenses. Based on this information, a(n)23.50% increase in revenue will produce a Note: Round your intermediate calculations to 2 decimal places and final answer to one decimal place.
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47.0% change in net income.
23.5% change in net income.
24.9% change in net income.
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