Acompany had net income of $21. depreciation expense is $27000. during the year, accounts receivable and inventory increased $17000 and $42000, respectively. prepaid expenses and accounts payable decreased $5000 and $6000, respectively. there was also a loss on the sale of equipment of $2000. how much cash was provided by operating activities? a. $179000 b. $175000 c. $271000 d. $241000

Engberg company installs lawn sod in home yards. the company’s most recent monthly contribution format income statement follows: amount percent of sales sales $ 80,000 100% variable expenses 32,000 40% contribution margin 48,000 60% fixed expenses 38,000 net operating income $ 10,000 required: 1. compute the company’s degree of operating leverage. (round your answer to 1 decimal place.) 2. using the degree of operating leverage, estimate the impact on net operating income of a 5% increase in sales. (do not round intermediate calculations.) 3. construct a new contribution format income statement for the company assuming a 5% increase in sales.