Bois Corporation has provided its contribution format income statement for January.
Sales.................................. $426,400
Variable expenses.............. 260,000
Contribution margin.......... 166,400
Fixed expenses.................. 120,900
Net operating income........ $ 45,500
157. The degree of operating leverage is closest to:
A) 0.11
B) 9.37
C) 0.27
D) 3.66
158. If the company's sales increase by 7%, its net operating income should increase by about:
A) 26%
B) 7%
C) 66%
