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Assume a company reported the following results: Sales $ 400,000 Variable expenses 260,000 Contribution margin 140,000 Fixed expenses 48,000 Net operating income $ 92,000 Average
Assume a company reported the following results:
Sales | $ 400,000 |
---|---|
Variable expenses | 260,000 |
Contribution margin | 140,000 |
Fixed expenses | 48,000 |
Net operating income | $ 92,000 |
Average operating assets | $ 675,000 |
The margin is closest to:
Multiple Choice
35.0%.
23.0%.
59.3%.
15.6%.
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