Question
If the contribution margin ratio increases by 10% and all else remains the same, what is the effect on net income? a. Net income will
If the contribution margin ratio increases by 10% and all else remains the same, what is the effect on net income?
a. Net income will increase
b. Net income will increase by 20%
c, More information is need to answer this question
d. Net income will increase by 10%
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Sound Investing, Chapter 15 - Liability Tricks
Authors: Kate Mooney
2nd Edition
0071719377, 9780071719377
