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excel sheet that you renamed relevant data. You can now proceed to create a second excel sheet named CVP Statement and begin by centering Azad

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excel sheet that you renamed "relevant data". You can now proceed to create a second excel sheet named CVP Statement and begin by centering Azad Inc CVP Income Statement for the Year ending 2016 Required: ) Complete the CVP statement and calculate the variable cost ratio and the contribution margin ratio Part 2 Fatima has noticed you working hard on the assignment and mentions that she is impressed. However, the owner of the company Mr. Azad has stated to her that although the company was profitable last year, he would like to know what was the amount of sales that the company needed to breakeven last year - because he wanted to know what was Azad Inc.'s margin of safety ratio. He also wanted to know what amount of sales would be necessary in 2017 to provide for a twenty percent increase in profits. Required

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