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Need some help with the following question, thanks! The following single-column CVP income statements are available for Sunland Company and Carla Vista Company. Sunland Company
Need some help with the following question, thanks!
The following single-column CVP income statements are available for Sunland Company and Carla Vista Company. Sunland Company Carla Vista Company Sales $ 470,000 $ 470,000 Variable costs 258,500 188,000 Contribution margin 211,500 282,000 Fixed costs 159,800 253,800 Net income $ 51,700 $ 28,200 (a1) Calculate contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Sunland Company Carla Vista CompanyStep by Step Solution
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