Question 27 The following CVP income statements are available for Chantal Corp. and Mantle, Inc. Chantal Corp. Mantle, Inc. Sales Variable costs Contribution margin Fixed costs $ 700,000 350,000 350,000 225,000 $ 125,000 $ 700,000 210,000 490,000 365,000 Net income $ 125,000 (a) Your answer is correct. Compute the degree of operating leverage for each company. (Round answers to 1 decimal place, e.g. 15.5.) Degree of Operating Leverage Chantal 2.8 Il Mantle (b) Assume that sales revenue decreases by 20%. Prepare a CVP income statement for each company. Chantal Corp. Mantle, Inc. $ Click if you would like to Show Work for this question: Open Show Work