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Lake Sales had $1,500,000 in sales last month. The contribution margin ratio was 40% and operating profits were $140,000. What is Lake's margin of safety

Lake Sales had $1,500,000 in sales last month. The contribution margin ratio was 40% and operating profits were $140,000. What is Lake's margin of safety in sales dollars? Multiple Choice $460,000 $1,360,000 $350,000 Cannot determine with the information given.

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