Question: Exercise 1 1 - 1 5 A ( Algo ) Using contribution margin format income statement to measure the magnitude of operating leverage LO 1

Exercise 11-15A (Algo) Using contribution margin format income statement to measure the magnitude of operating leverage LO 11-3,11-4
The following income statement was drawn from the records of Campbell Company, a merchandising firm:
CAMPBELL COMPANY
Income Statement
Required
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 Campbell will earn if sales increase by 10 percent.
Exercise 11-15A (Algo) Using contribution margin format income statement to measure

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