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Coronado Industries manufactures recyclable bags at a variable cost of $0.20 per unit. The company earned sales revenue of $13300000 during 2022 on the sale

Coronado Industries manufactures recyclable bags at a variable cost of $0.20 per unit. The company earned sales revenue of $13300000 during 2022 on the sale of 28300000 bags. If the break-even point in sales dollars was $8911000, what is the margin of safety ratio?

33%

24%

67%

47%

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