Question
Bloomington Corporation reported the following on their contribution format income statement: Sales (12,000 unites) $175,000 Less: Variable Expenses $100,000 Contribution Margin $75,000 Less: Fixed Expenses
Bloomington Corporation reported the following on their contribution format income statement:
Sales (12,000 unites) $175,000
Less: Variable Expenses $100,000
Contribution Margin $75,000
Less: Fixed Expenses $62,000
Net Operating Income $12,500
What is the contribution margin ratio?
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Fundamentals Of Financial Management Concise
Authors: Eugene F. Brigham, Joel F. Houston
11th Edition
0357517717, 9780357517710
