Question
. Parma, Inc.'s sales revenue is $1,570,000 and its variable cost of goods sold is 68% of its sales revenue. Parmas total general, selling and
. Parma, Inc.'s sales revenue is $1,570,000 and its variable cost of goods sold is 68% of its sales revenue. Parmas total general, selling and admin expenses are 24% variable, and its net income is $105,000. Calculate Parmas contribution margin (CM) ratio (round to nearest 0.00).
[PLEASE SHOW ALL THE CALCULATIONS]
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Wiley CPAexcel Exam Review April Study Guide Regulation 2017
Authors: Wiley
2nd Edition
1119369436, 978-1119369431
