required 1,2,& 3

Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Percent of Sales 1000 400 600 Amount $ 131,000 52,400 78,600 23,000 $ 55,600 Sales Variable expenses Contribution margin Fixed expenses Net operating income 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 14% increase in unit sales 3. Construct a new contribution format Income statement for the company assuming a 14% 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 teverage? (Round your answer to 2 decimal places.) Degree ot operating leverage Requited 1 Required 2 >