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If sales are $100,000, fixed expenses are $27,500, and the contribution margin is $40,000, then the net operating income must be: Multiple Choice $12,500. $67,500.

If sales are $100,000, fixed expenses are $27,500, and the contribution margin is $40,000, then the net operating income must be: Multiple Choice $12,500. $67,500. $60,000. $27,500

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