E7-33A (similar to) Young Medical Supply is a retailer of home medical equipment. Last year, Young's sales revenues totaled $6,000, Since Young's offers thousands of different products, its managers prefer to calculate the breakeven point in terms Read the requirements Requirement 1. What is Young's current operating income? Begin by identifying the formula to compute the operating income. Fixed expenses Operating income Variable expenses Sales revenue 3,900,000 The operating income is $ Requirement 2. What is Young's contribution margin ratio? Begin by identifying the formula to compute the contribution margin ratio. Contribution margin Sales revenue Contribution margin ratio = (Enter the ratio as a whole percent.) The contribution margin ratio is 75% Requirement 3. What is the company's breakeven point in sales dollars? (Hint: The contribution margin ratio calculated Begin by identifying the formula to compute the breakeven point in sales dollars. Fixed expenses Operating income Contribution margin ratio Breakeven sales (Round your answer up to the nearest whole dollar.) The breakeven point in sales dollars is $ 800,000 Choose from any list or enter any number in the input fields and then click Check Answer 1 part remaining Clea esc F1 F2 F3 FS % 2 HW Score: 48.84 % , 3.42 of 7 p 7 of 7 (7 complete) EQuestion Help sales revenues totaled $6,000,000. Total expenses were $2,100,000. Of this amount, apprOximately $1,500,000 were variable, while the remainder were fixed te the breakeven point in terms of sales dollars rather than units. Operating income Contribution margin ratio The contribution margin ratio calculated in Requirement 2 is already weighted by the company's actual sales mix) bution margin ratio Breakeven sales in dollars ck Check Answer Clear Al Check Answer MacBook Pro 8 C delet P L G H J K LO LL A X are correct, whal eflect wOUld triis auven Usig Ca annual operating income? atio Breakeven sales in dollars Done Print wertising campaign. The marketing fim has projected annual operating income? annual sales volume to increase by 16 % as a result of this campaign. Assuming that the % which by due to by Answer Check Answer Clear Al MacBook Pro E10 7 Y K J H ? N option command