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The following CVP income statements are available for Pharoah Company and Sheridan Company: Calculate the break-even point in dollars and the margin of safety ratio

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The following CVP income statements are available for Pharoah Company and Sheridan Company: Calculate the break-even point in dollars and the margin of safety ratio for each company. (Round break-even poin whole dollar, eg. 5,275 and margin of safety ratio to 2 decimal places, e.g. 15.25\%.)

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