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Langin Corporation Has Provided the Following Contribution Format Income Statement

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Langin Corporation has provided the following contribution format income statement. All questions concern situations that are within the relevant range.
Langin Corporation has provided the following contribution format income statement. All questions concern situations that are within the relevant range.    Required: a. What is the margin of safety percentage? b. Using the degree of operating leverage, what is the estimated percent increase in net operating income of a 15% increase in sales? Required:
a. What is the margin of safety percentage?
b. Using the degree of operating leverage, what is the estimated percent increase in net operating income of a 15% increase in sales?

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a. CM ratio = Contribution margin ÷ Sale...

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