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Kiki Assembly is a manufacturer of bicycles. The company's contribution style partial income statement for 20x5 is given below: Item Amount Sales ( 1,435 units)
Kiki Assembly is a manufacturer of bicycles. The company's contribution style partial income statement for 20x5 is given below: Item Amount Sales ( 1,435 units) $535,500 Variable Costs 269,000 Contribution Margin $ Fixed Costs 153,500 Operating Income $ Income Tax Expense 20% Net Income $ What is Kiki's margin of safety, expressed as a percentage? Input your answer as a number with two decimal places (for example, 0.12). Remember that 35% = 0.35
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