mapters 1. 2&3 Saved The following income statement is provided for Ramirez Company for the current year: 5 Sales revenue (1,700 units * $19.20 per unit) Cost of goods sold (variable; 1,700 units * $7.20 per unit) Cost of goods sold (fixed) Gross margin Administrative salaries Depreciation Supplies (1,700 units * $1.20 per unit) Net income $ 32,640 (12,240) (3,200) 17,200 (5,200) (3,200) (2,040) $ 6,760 What amount was the company's contribution margin? Multiple Choice $18,360 $20,400