Profit Margin (11/12 3 What would Clay's profit margin be if the Laurel division was dropped and all fixed costs are unavoidable? 2.5 points Multiple Choice X 00:14:43 $77,200 loss $85,100 profit O 0 $96,225 profit $383,500 profit Clay Inc. has two divisions, Myrtle and Laurel. Following is the income statement for the previous year: m. 2.5 points Sales Variable costs Contribution Margin Fixed Costs (allocated) Profit Margin Myrtle $562,600 179,100 383,500 287,275 $ 96,225 Laurel Total $ 339,100 $901,700 176,800 355,900 162,300 545,800 173, 425 460, 700 $(11,125) $ 85,100 8 00:15:31 What would Clay's profit margin be if the Laurel division was dropped and all fixed costs are unavoidable? Multiple Choice $77,200 loss $85,100 profit $96,225 profit O