Question 6 View Policies Current Attempt in Progress The CVP income statements shown below are available for Crane Company and Swifty Company. Sales Variable costs Contribution margin Fixed costs Net income Crane Co. Swifty Co. $500,000 $500,000 230,000 49,000 270,000 451,000 170,000 351,000 $100,000 $100,000 (a1) Compute the degree of operating leverage for each company. (Round answers to 2 decimal places, e.g. 1.15.) Degree of Operating Leverage Crane Swifty (b) Assuming that sales revenue increases by 10%, prepare a variable costing income statement for each company. Crane Company Swifty Company