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Question 1: Kabul Express had sales of $200,000, total variable expenses of $160,000, and total fixed expenses of $36,000. What is the company's CM ratio?

Question 1: Kabul Express had sales of $200,000, total variable expenses of $160,000, and total fixed expenses of $36,000. What is the company's CM ratio? Using the CM ratio, calculate the break-even level of sales in dollars. (5 Marks]

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