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Lake Sales had $2,600,000 in sales last month. The contribution margin ratio was 40% and operating profits were $180,000. What is Lake's margin of safety
Lake Sales had $2,600,000 in sales last month. The contribution margin ratio was 40% and operating profits were $180,000. What is Lake's margin of safety in sales dollars? Multiple Choice $860,000 $450,000 $2,420,000 Cannot determine with the information given
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