Sheridan's Pantry is a chain of arts and crafts stores. Results for the most recent year are as follows: Sales revenue $22,500,000 Variable expenses $1,500,000 Fixed expenses 16,000,000 Total expenses 17,500,000 Operating income $5,000,000 (a) Your answer is correct. What is Sheridan's Pantry's degree of operating leverage? 4.2 Degree of operating leverage (b) x Your answer is incorrect. If sales increase by 6%, what will the new operating income be? $ $ 5126000 New operating income