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E19.14 (LO 4), AN The single-column CVP income statements shown below are available for Armstrong Company and Contador Company. Instructions a. Compute the degree of

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E19.14 (LO 4), AN The single-column CVP income statements shown below are available for Armstrong Company and Contador Company. Instructions a. Compute the degree of operating leverage for each company and interpret your results. b. Assuming that sales revenue increases by 10%, restate the single-column CVP income statement from above for each company. c. Discuss how the cost structure of these two companies affects their operating leverage and profitability

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