Question
A company with an operating income of $66,000 and a contribution margin ratio of 46% has a margin of safety of: (rounded) It is not
A company with an operating income of $66,000 and a contribution margin ratio of 46% has a margin of safety of: (rounded)
It is not possible to determine the margin of safety from the information provided.
$122,222.
$143,478.
$30,360.
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Financial Accounting Text Only
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
5th Edition
0006575404, 978-0006575405
