Question
Assume a company reported the following results: Sales $ 400,000 Variable expenses 260,000 Contribution margin 140,000 Fixed expenses 108,000 Net operating income $ 32,000 Average
Assume a company reported the following results:
Sales $ 400,000
Variable expenses 260,000
Contribution margin 140,000
Fixed expenses 108,000
Net operating income $ 32,000
Average operating assets $ 800,000
The margin is closest to: Multiple Choice 35.0%. 8.0%. 50.0%.
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Information For Decision Making Readings In Cost And Managerial Accounting
Authors: Alfred Rappaport
3rd Edition
0134643542, 978-0134643540
