Cougar Industries, Inc. reported the following income statement for the year: Sales $50,000 20.000 Less:...
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Cougar Industries, Inc. reported the following income statement for the year: Sales $50,000 20.000 Less: Variable expenses Contribution margin Less: Fixed expenses Operating income $30,000 15.000 $15,000 Required: Select and copy the following question parts (A & B) into the text box below and answer the question parts: (show your work to be considered for partial credit) Calculate the degree of operating leverage. (Round to one decimal place.) If sales increase by 15%, what will the percentage change in operating income be? (Round to two decimal places.) B
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