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The following CVP income statements are available for Ivanhoe Corp. and Oriole, Inc. Compute the degree of operating leverage for each company. (Round answers to
The following CVP income statements are available for Ivanhoe Corp. and Oriole, Inc. Compute the degree of operating leverage for each company. (Round answers to 1 decimal place, e.g. 15.5.) Assume that sales revenue decreases by 20%. Prepare a CVP income statement for each company. (Do not round intermec calculations.)
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