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Reconstruct the income statement using the contribution margin format. Complete this question by entering your answers in the tabs below. Calculate the magnitude of operating
Reconstruct the income statement using the contribution margin format. Complete this question by entering your answers in the tabs below. Calculate the magnitude of operating leverage. Use the measure of operating leverage to determine the amount of net income Rundle will earn if sales increase by 10 percent. (Round your intermeflate calculations and "Operating leverage" answer to 2 decimal places. Round the "Net income" value to nearest whole dollary) The following income statement was drawn from the records of Rundle, a merchandising firm
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