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Last year, Frye Company reported a profit of $70,000 when sales totaled $520,000 and the contribution margin ratio was 35%. If fixed expenses increase by

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Last year, Frye Company reported a profit of $70,000 when sales totaled $520,000 and the contribution margin ratio was 35%. If fixed expenses increase by $10,000 next year, what will sales have to be for the company to earn a profit of $80,000? (Rounded to nearest dollar.) $562,500 $570,000 $600,000 $577,143 None of these numbers is correct

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