Mahaxay Corporation has provided its contribution format income statement for April. 
Required:
a. Compute the degree of operating leverage to two decimal places.
b. Using the degree of operating leverage, estimate the percentage change in net operating income that should result from a 9% increase in sales.
Definitions:
Determining Goals
The process of identifying and setting specific, measurable, achievable, relevant, and time-bound objectives.
Communication Problems
Issues or barriers that impair the effective exchange of information between individuals or groups.
Brainstorming
A creative group problem-solving technique designed to generate a large number of ideas for the solution to a problem.
Proofreading Stage
The final review process of written material to correct errors in grammar, spelling, punctuation, and formatting.
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