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The July contribution format income statement of Doxtater Corporation appears below: Sales $ 564,400 Variable expenses 312,800 Contribution margin 251,600 Fixed expenses 193,800 Net operating
The July contribution format income statement of Doxtater Corporation appears below:
Sales | $ | 564,400 |
Variable expenses | 312,800 | |
Contribution margin | 251,600 | |
Fixed expenses | 193,800 | |
Net operating income | $ | 57,800 |
If the company's sales increase by 19%, its net operating income should increase by about:
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