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EM Sales had $2,200,000 in sales last month. The contribution margin ratio was 30% and operating profits were $180,000. What is EM's margin of safety?
EM Sales had $2,200,000 in sales last month. The contribution margin ratio was 30% and operating profits were $180,000. What is EM's margin of safety? Group of answer choices
Group of answer choices
$480,000
$600,000
$2,020,000
Cannot determine with the information given
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Advances In International Accounting Volume 20
Authors: J. Timothy Sale
1st Edition
0762313994, 9780762313990
