Diversification ought to be considered when a Select one: a. company's profits are being squeezed and it needs to increase its net profit margins and return on investment. b. company lacks sustainable competitive advantage in its present business. c. company is under pressure to create a more attractive and cost-efficient value chain d. company begins to encounter diminishing growth prospects in its mainstay business. e. company has run out of ways to achieve a distinctive competence in its present business

Miller company’s most recent contribution format income statement is shown below: total per unit sales (20,000 units) $300,000 $15.00 variable expenses 180,000 9.00 contribution margin 120,000 $6.00 fixed expenses 70,000 net operating income $ 50,000 required: prepare a new contribution format income statement under each of the following conditions (consider each case independently): (do not round intermediate calculations. round your "per unit" answers to 2 decimal places.) 1. the number of units sold increases by 15%.