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Greetings, Please show detailed steps on how you arrived to the answer. Ritz Furniture has a contribution margin ratio of 0.12. If fixed costs are

Greetings,

Please show detailed steps on how you arrived to the answer.

Ritz Furniture has a contribution margin ratio of 0.12. If fixed costs are $178,300, how many dollars of revenue must the company generate in order to reach the break-even point?

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