Question
Parker Company has provided the following data for the most recent year: net operating income, $35,100; fixed expense, $100,100; sales, $208,000; and CM ratio, 65%.
Parker Company has provided the following data for the most recent year: net operating income, $35,100; fixed expense, $100,100; sales, $208,000; and CM ratio, 65%. The companys margin of safety in dollars is:
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Advanced Financial Accounting
Authors: Richard Lewis, David Pendrill
5th Edition
0273622919, 978-0273622918
