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The CVP income statements shown below are available for Marigold Company and Concord Company. Marigold Co. Concord Co. Sales $497,000 $497,000 Variable costs 246,000
The CVP income statements shown below are available for Marigold Company and Concord Company. Marigold Co. Concord Co. Sales $497,000 $497,000 Variable costs 246,000 50,000 Contribution margin 251,000 447,000 Fixed costs 151,000 347,000 Net income $100,000 $100,000 (a1) Compute the degree of operating leverage for each company. (Round answers to 2 decimal places, e.g. 1.15.) Marigold Degree of Operating Leverage Concord
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