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Remo Company and Angelo Inc. are separate companies that operate in the same industry. Following are variable costing income statements for the two companies

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Remo Company and Angelo Inc. are separate companies that operate in the same industry. Following are variable costing income statements for the two companies showing their different cost structures: Sales revenue Less: Variable cost Contribution margin Less: Fixed cost Net operating income Remo Co. Angelo Inc. $420,000 $420,000 273,000 180,000 $147,000 $240,000 50,000 143,000 $ 97,000 $97,000 Required: Calculate each company's degree of operating leverage. (Round your answers to 3 decimal places.) Remo Co. Angelo Inc. Degree of Operating Leverage

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