Current Attempt in Progress The CVP income statements shown below are available for Armstrong Company and Contador Company. Sales Variable costs Contribution margin Fixed costs Armstrong Co. $500,000 239,000 261,000 161,000 $100,000 Contador Co. $500,000 53,000 447,000 347,000 $100,000 Net income (a1) Compute the degree of operating leverage for each company. (Round answers to 2 decimal places, e.g. 1.15.) Degree of Operating Leverage Armstrong Contador (b) Assuming that sales revenue increases by 10%, prepare a variable costing income statement for each company. Armstrong Company Contador Company $ $ $ $ Save for Later Attempts: 0 of 7 used Submit