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For Garland Company, sales are $1,000,000, fixed expenses are $300,000, and the contribution margin ratio is 36%. What is net income? $60,000 $108,000 $252,000 $360,000

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For Garland Company, sales are $1,000,000, fixed expenses are $300,000, and the contribution margin ratio is 36%. What is net income? $60,000 $108,000 $252,000 $360,000

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