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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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