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Seved 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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Seved 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: Angelo Inc. Remo Co. $430,000 $430,000 190,000 $240,000 134,000 $106,000 Sales revenue Less: Variable cost Contribution margin Less: Fixed cost 299,000 $131,000 25,000 $106,000 Net operating income Required: Calculate each company's degree of operating leverage. (Round your answers to 3 decimal places.) Angelo Inc. Remo Co. 2.264 1.236 Degree of Operating Leverage

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