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Assume a company reported the following results: Sales $ 400,000 Variable expenses 260,000 Contribution margin 140,000 Fixed expenses 96,000 Net operating income $ 44,000 Average
Assume a company reported the following results:
| Sales | $ 400,000 |
| Variable expenses | 260,000 |
| Contribution margin | 140,000 |
| Fixed expenses | 96,000 |
| Net operating income | $ 44,000 |
| Average operating assets | $ 350,000 |
The margin is closest to:
Top of Form
- 35.0%.
- 11.0%.
- 114.3%.
- 12.9%.
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Financial and Managerial Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
11th Edition
9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895
