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Assume a company reported the following results: Sales $ 400,000 Variable expenses 260,000 Contribution margin 140,000 Fixed expenses 104,000 Net operating income $ 36,000 Average
Assume a company reported the following results: Sales $ 400,000 Variable expenses 260,000 Contribution margin 140,000 Fixed expenses 104,000 Net operating income $ 36,000 Average operating assets $ 300,000 The margin is closest to: Multiple Choice 35.0%. 9.0%. 133.3%. 12.7%
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Financial Accounting
Authors: Robert F. Meigs, Jan R. Williams, Mark S. Bettner, Susan F. Haka, Sue Haka
11th Edition
0072516682, 978-0072516685
