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Loyal Enterprises has sales revenue of $125,000 for 2014. Its product sells for $10 and has a 25% contribution margin. Fixed costs are $26,000. What

Loyal Enterprises has sales revenue of $125,000 for 2014. Its product sells for $10 and has a 25% contribution margin. Fixed costs are $26,000. What is Loyal Enterprises operating income for 2014?
Loyal Enterprises has sales revenue of $125,000 for 2014. Its product sells for $10 and has a 25 percent contribution margin. Fixed costs are $26,000. What is Loyal Enterprises' operating income for 2014

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