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just need the QUESTIon The following is Mon Inc.'s contribution format income statement for last month: Sales $ 1,928,000 Less variable expenses 1,658,080 Contribution margin
just need the
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The following is Mon Inc.'s contribution format income statement for last month: Sales $ 1,928,000 Less variable expenses 1,658,080 Contribution margin 269,920 Less fixed expenses 117,000 Net income 152,920 The company has no beginning or ending inventories. A total of 25,000 units were produced and sold last month. NO COMMAS, NO $, NO DECIMALS, if your CM ratio is 8%, enter as "8%" - yes, DO enter the percentage sign with your answer) What is the company's contribution margin ratio (use a percent sign - see note above)? [1]
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