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Assume a company reported the following results: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets 400,000 260,000 140,000 96,000
Assume a company reported the following results: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets 400,000 260,000 140,000 96,000 $ 44,000 $ 350,000 The margin is closest to: Multiple Choice O 35.09 11.0% 114.3% O 12.9
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Using Excel & Access for Accounting 2010
Authors: Glenn Owen
3rd edition
1111532672, 978-1111532673
