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If sales are $804,000, variable costs are 69% of sales, and operating income is $267,000, what is the contribution margin ratio? a.31% b.69% c.65% d.35%
If sales are $804,000, variable costs are 69% of sales, and operating income is $267,000, what is the contribution margin ratio?
a.31%
b.69%
c.65%
d.35%
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Financial Accounting And Reporting
Authors: Mr Barry Elliott, Jamie Elliott
10th Edition
0273703641, 978-0273703648
