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Current Attempt in Progress The following single-column CVP income statements are available for Cullumber Company and Blossom Company. (a1) Your answer is correct. Calculate contribution
Current Attempt in Progress The following single-column CVP income statements are available for Cullumber Company and Blossom Company. (a1) Your answer is correct. Calculate contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Your answer is correct. Compute the break-even point in sales dollars for each company. (Round answers to 0 decimal places, e.g. 5,125 .) Your answer is correct. Compute margin of safety ratio for each company. (Round answers to 3 decimal places, e.g. 0.321.) Your answer is correct. Compute the degree of operating leverage for each company. (Round answers to 2 decimal places, e.g. 1.56.) 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).)
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