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ABC Company's sales are $10,000,000. Its variable costs are 40% of sales. Its net income is $1,500,000. Calculate ABC's contribution margin ratio. Enter the
ABC Company's sales are $10,000,000. Its variable costs are 40% of sales. Its net income is $1,500,000. Calculate ABC's contribution margin ratio. Enter the percentage as a decimal to three decimal places (e.g., 62.5% would be .625). Answer:
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
6th edition
0-07-786223-6, 101259095592, 13: 978-0-07-7, 13978125909559, 978-0077862237
