Gary King, president of Cullumber Recreation Products, Inc., is concerned about declines that he is beginning to see in the demand for the company's line of old school logo basketballs as new competitors enter the market. At a current contribution margin of $10, the company must sell 91,000 basketballs to generate the desired $230,000 in annual operating income. Based on a recent market research report, Gary thinks the company can expect annual sales of only 56,875 basketballs in the future. (a) What is Gary's current level of fixed expenses? Current level of fixed expenses eTextbook and Media Last saved 7 minutes ago. Attempts: 0 of 3 used Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes. Gary King, president of Cullumber Recreation Products, Inc., is concerned about declines that he is beginning to see in the demand for the company's line of old school logo basketballs as new competitors enter the market. At a current contribution margin of $10, the company must sell 91,000 basketballs to generate the desired $230,000 in annual operating income. Based on a recent market research report, Gary thinks the company can expect annual sales of only 56,875 basketballs in the future. (a) What is Gary's current level of fixed expenses? Current level of fixed expenses eTextbook and Media Last saved 7 minutes ago. Attempts: 0 of 3 used Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes