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Please all parts to the question The following income statement applies to Baird Company for the current year: Required o. Use the contribution margin approach

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The following income statement applies to Baird Company for the current year: Required o. Use the contribution margin approach to calculate the magnitude of operating leverage. b. Use the operating leverage measure computed in Requirement a to determine the amount of net income that Batrd Company earn if it experiences a 15 percent increase in revenue. The sales pnce per unit is not affected. c-1. Verify your answer to Requirement b by constructing an income statement based on a 15 percent increase in sales revenue. sales price is not affected. c-2. Caiculate the percentage change in net income for the two income statements. Complete this question by entering your answers in the tabs below. a. Use the contribution margin approach to calculate the magnitude of operating leverage. b. Afterwards, use the operating leverage measure previously computed for Requirement A to determine the amount of net income that Baird Company will earn if it experiences a 15 percent increase in revenue. The sales price per unit is not affected. Note: Do not round intermedlate calculations. Round "Operating leverage" to 2 decimal places

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