Edger

Edger Dry Cleaners has determined the following about itscosts: Total variable expenses are $ 38 comma 000

$38,000, total fixed expenses are $ 36 comma 000 comma

$36,000, and the sales revenue needed to break even is $ 45 comma 000

$45,000. Determine thecompany's current1) sales revenue and2) operating income. (Hint:First, find the contribution marginratio; then prepare the contribution margin incomestatement.)

Use the contribution margin income statement and the shortcut contribution margin approaches to determine Edger's

Edger's current(1) sales revenue and(2) operating income.

Begin by computing the contribution margin ratio. (Enter the result as a wholenumber.)

The contribution margin ratio is____?

%.

THE other QUESTION is preparing the Contribution Income Statement with these numbers.

Thank you for your help.

:)