The July contribution format income statement of Doxtater Corporation appears below:
Sales.............................................. $564,400
Variable expenses.......................... 312,800
Contribution margin...................... 251,600
Fixed expenses.............................. 193,800
Net operating income.................... $ 57,800
159. The degree of operating leverage is closest to:
A) 0.23
B) 0.10
C) 4.35
D) 9.76
160. If the company's sales increase by 19%, its net operating income should increase by about:
A) 10%
B) 19%
C) 83%
