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Last year, Angela Company reported a profit of $63,000 when sales totaled $468,000 and the contribution margin ratio was 35%. If fixed expenses increase by
Last year, Angela Company reported a profit of $63,000 when sales totaled $468,000 and the contribution margin ratio was 35%. If fixed expenses increase by $18,000 next year, what will sales have to be for the company to earn a profit of $72,000?
Select one:
a. $506,250
b. $493,714
c. $545,143
d. $513,000
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