Current Attempt in Progr The following single-column CVP income statements are available for Sheridan Company and Sunland Company. Sheridan Company Sunland Company Sales $570,000 $570,000 Variable costs 313.500 228,000 Contribution margin 256,500 342.000 Fixed costs 193.800 307,800 Net income $62,700 $34,200 Break-even Point Sheridan Company $ 1.32 Sunland Company $ e Textbook and Media Compute margin of safety ratio for each company. (Round answers to 3 decimal places, e.g. 0.321.) Margin of Safety Ratio Margin of Safety Ratio Sheridan Company Sunland Company e Textbook and Media Compute the degree of operating leverage for each company. (Round answers to 2 decimal places, e.g. 1.56.) Degree of Operating Leverage Sheridan Company Sunland Company Assuming that sales revenue increases by 20% due to an increase in sales quantity, prepare a CVP income statement for each company. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Sheridan Company Sunland Company $ Assuming that sales revenue decreases by 20% due to a decrease in sales quantity, prepare a CVP income statement for each company. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Sheridan Company Sunland Company $ $ $ $