075 points Exercise 6-9 (Algo) Compute and Use the Degree of Operating Leverage [LO6-8] Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: 8 00 eBook Percent of Amount Sales Sales Variable expenses Fixed expenses $131,000 100% 52,400 40% Contribution margin 78,600 60% 15,000 Net operating income $ 63,600 Hint Print References 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 11 Required 2 Required 3 What is the company's degree of operating leverage? (Round your answer to 2 decimal places.) Degree of operating leverage Requi Required 2 > 075 points Exercise 6-9 (Algo) Compute and Use the Degree of Operating Leverage [LO6-8] Engberg Company Installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: 00 8 Percent of Amount Sales Book Sales Variable expenses Contribution margin Fixed expenses $131,000 100K 52,400 40% 78,600 60% 15,000 Net operating income $ 63,600 H Print References 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 Requed 2 Required 3 Using the degree of operating leverage, estimate the impact on net operating income of a 14% increase in unit sales. (Round your intermediate calculations to 2 decimal places. Round your percentage answer to 2 decimal places (i.e.1234 should be entered as 12.34)) Net operating income 8 075 points Exercise 6-9 (Algo) Compute and Use the Degree of Operating Leverage [LO6-8] Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Percent of Amount Sales Sales 5 131,000 100% eBook Variable expenses Contribution margin 52,400 40% 78,600 60% Fixed expenses 15,000 Net operating income $ 63,600 Required: Hrt Print References 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 Construct a new contribution format income statement for the company assuming a 14% Increase in unit sales. Engberg Company Contribution Income Statement Amount Percent of Sales % %