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The February contribution format income statement of Caines Corporation appears below: Sales $ 259,200 Variable expenses 176,400 Contribution margin 82,800 Fixed expenses 59,100 Net operating
The February contribution format income statement of Caines Corporation appears below:
Sales | $ 259,200 |
Variable expenses | 176,400 |
Contribution margin | 82,800 |
Fixed expenses | 59,100 |
Net operating income | $ 23,700 |
If the company's sales increase by 18%, its net operating income should increase by about:
Answer
| 18% | |
| 197% | |
| 9% | |
| 63% |
Please do not copy the answers previously given by others to this question. None of them match the possible answers or appear to be just guesses. Please provide supporting work for answer.
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