Homework: Homework 6 - Chapter 7 Save Score: 0 of 10 pts 1 of 1 (0 complete) v HW Score: 0%, 0 of 10 pts E7-20A (similar to Queston Help Nolan Dry Cleaners has determined the Wlowing about is costs Total vanable expenses are $12,000, total fixed expenses are $30,000, and the sales revenue needed to break even is $50,000. Determine the company's current 1) sales revenue and 2) operating income. Ant First, find the contribution margin ratio, then prepare the contribution margin income statement) Use the contribution margin income statement and the shortcut contribution margin approaches to determine Nolan's current (1) sales revenue and (2) operating income Begin by computing the contribution marginats Enter the result as a whole numbet) The contribution marginal artial co you Enter any number in the edit fields and then click Check Answer Clear All Final Check 1 Dan rema ning