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4. Umbria, Inc.'s total variable cost of goods sold, $1,134,000, is 54% of its sales revenue. Umbria's total general, selling and admin expenses are 20%
4. Umbria, Inc.'s total variable cost of goods sold, $1,134,000, is 54% of its sales revenue. Umbria's total general, selling and admin expenses are 20% variable, and its net income is $150,000. Calculate Umbrias contribution margin (CM) ratio (round to nearest 0.00)
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