8 Angel Company produces car radios. Given the following, calculate (1) the contribution margin (CM) and (2) the breakeven point (BE) for Angel Company. Fixed cost (FC) Variable cost (VC) per radio $96,000 $240 $80 Selling price (S) per radio RA PRACTICE QUIZ WITH WORKED-OUT SOLUTIONS 1. Complete this partial comparative balance sheet by vertical analysis. Round percents to the nearest hundredth. 2017 2016 Amount Percent Amount Percent Assets Current assets: a. Cash $ 38,000 $ 35,000 b. Accounts receivable 19,000 c. Merchandise inventory 16,000 18,000 11,000 d. Prepaid expenses 20,000 16,000 Total current assets $180,000 $140,000 2. What is the amount of change in merchandise inventory and the percent increase