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Hostage Company's most recent income statement appears as follows: Sales (40,000 units) Less variable costs Contribution margin Less fixed costs Net income Total $260,000 156,000

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Hostage Company's most recent income statement appears as follows: Sales (40,000 units) Less variable costs Contribution margin Less fixed costs Net income Total $260,000 156,000 $104,000 70,000 $ 34,000 Compute the margin of safety percentage

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