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Anderson Dry Cleaners has determined the following about its costs: Total variable expenses are $30,000, total fixed expenses are $28,000, and the sales revenue needed
Anderson Dry Cleaners has determined the following about its costs: Total variable expenses are $30,000, total fixed expenses are $28,000, and the sales revenue needed to break even is $35,000. Determine the company's current 1) sales revenue and 2) operating income. (Hint: First, find the contribution margin ratio; then prepare the contribution margin income statement.) Begin by computing the contribution margin ratio. (Enter the result as a whole number.) The contribution margin ratio is % Prepare the contribution margin income statement at the calculated sales level
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