17 00:32:59 Clay Inc. has two divisions, Myrtle and Laurel. Following is the income statement for the previous year: Myrtle Laurel Total $561,300 $337,500 $898,800 177,600 175,200 352,800 383,700 162,300 546,000 285,575 172,025 457,600 $ 98,125 $ (9,725) $ 88,400 Sales Variable Costs Contribution Margin Fixed Costs (allocated) Profit Margin What would Clay's profit margin be if the Laurel division was dropped and all fixed costs are unavoidable? Multiple Choice $88,400 profit $383,700 profit

Clay inc. has two divisions, Myrtle and Laurel. Following is the income statement for the previous year: What would Clay's profit margin be if the Laurel division was dropped and all fixed costs are unavoidable? Multiple Choice $88,400 profit $383,700 profit