QUESTION 3 Backerfield Manufacturers presents the following CVP Income statement in comparison to Johnson Company's CVP income statement: Backerfield Johnson Company Manufacturers Sales Variable Costs Contribution Margin Less: Fixed Costs Net Income $1,000,000 480.000 520,000 160.000 $360,000 $1,000,000 100.000 900,000 350,000 $ 550,000 REQUIRED: What is the operating leverage for each company? Around your answers to two decimal places. Using the operating leverages computed in #1, compare the companies to each other. Be thorough. 111 I. For the toolbar, press ALT-F10 (PC) O ALT-FN-F10 Mac) BIVS Paragraph Arial 14px