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Lake Sales had $2,300,000 in sales last month. The contribution margin ratio was 30% and operating profits were $165,000. What is Lake's margin of safety

Lake Sales had $2,300,000 in sales last month. The contribution margin ratio was 30% and operating profits were $165,000. What is Lake's margin of safety in sales dollars?

Multiple Choice

  • a.$525,000.

  • b.$550,000.

  • c.$2,135,000.

  • d.Cannot determine with the information given.

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