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1) Garcia Company provides the following information about its product: Targeted operating income $50,000 Selling price per unit 7.00 Variable cost per unit 1.50 Total

1) Garcia Company provides the following information about its product:

Targeted operating income

$50,000

Selling price per unit

7.00

Variable cost per unit

1.50

Total fixed costs

125,000

What is the contribution margin ratio?

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