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Lake Sales had $ 1 , 6 0 0 , 0 0 0 in sales last month. The contribution margin ratio was 4 0 %

Lake Sales had $1,600,000 in sales last month. The contribution margin ratio was 40% and operating profits were $145,000. What is Lake's break-even sales volume?
Multiple Choice
$640,000
$960,000
$1,237,500
$1,455,000

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