Question: a. Reconstruct the income statement using the contribution margin format b. Calculate the magnitude of operating leverage. c. Use the measure of operating leverage to

Calculate the magnitude of operating leverage. c. Use the measure of operating

leverage to determine the amount of net income Vernon will earn if

a. Reconstruct the income statement using the contribution margin format b. Calculate the magnitude of operating leverage. c. Use the measure of operating leverage to determine the amount of net income Vernon will earn if sales ir Complete this question by entering your answers in the tabs below. Reg A Reg B and C Calculate the magnitude of operating leverage. Use the measure of operating leverage to determine the amount on Vernon will earn if sales increase by 10 percent. (Round your intermediate calculations and "Operating leverage" a decimal places. Round the "Net income" value to nearest whole dollar.) b. Operating leverage C. Net income

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