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From the information given below, calculate the margin of safety expressed in percent of current sales. Actual sales $900,000 Sales at the break-even point $720,000
From the information given below, calculate the margin of safety expressed in percent of current sales.
Actual sales | $900,000 |
Sales at the break-even point | $720,000 |
Variable costs | 60% of fixed costs |
a.32%
b.55%
c.20%
d.40%
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