Question: Chapter 12 Homework 8 Sem Presented here is the income statement for Big Sky Incorporated for the month of February 3.75 points eBook References

Chapter 12 Homework 8 Sem Presented here is the income statement for Big Sky Incorporated for the month of February 3.75 points eBook References Sales Cost of goods sold Gross profit Operating expenses Operating less $ 61,500 53,000 $7,700 14,200 $ (6,500) Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 18%. Required: a. Rearrange the preceding income statement to the contribution margin format b. If sales increase by 15%, what will be the firm's operating income (or loss)? c. Calculate the amount of revenue required for Big Sky to break even Complete this question by entering your answers in the tabs below. Required A Required Required C Rearrange the preceding income statement to the contribution margin format CA Required> Help Save & Exit Submit Check my work

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