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A company with an operating income of $92,000 and a contribution margin ratio of 74% has a margin of safety of: (rounded) Choose Correct Answer

A company with an operating income of $92,000 and a contribution margin ratio of 74% has a margin of safety of: (rounded)

Choose Correct Answer Below:

$68,080.

$124,324.

$353,846.

It is not possible to determine the margin of safety from the information provided.

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