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A company sells one product and its contribution margin ratio is 35%. The company provides the following data regarding their operation: Current sales revenue Expected

A company sells one product and its contribution margin ratio is 35%. The company provides the following data regarding their operation: Current sales revenue Expected sales revenue next year Expected increase in net operating income next year $3,720,000 $3,868,800 24% Q. What is the net operating income for the current year? ANS. $

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