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Question 4 Consider the following income statements. 2 pts Richaun Corp. Holmes, Inc. Sales revenue Variable costs Contribution margin Fixed costs $600,000 $600,000 400,000
Question 4 Consider the following income statements. 2 pts Richaun Corp. Holmes, Inc. Sales revenue Variable costs Contribution margin Fixed costs $600,000 $600,000 400,000 120,000 200,000 480,000 120,000 400,000 Net income $ 80,000 $ 80,000 Richaun Corp. has a higher. than Holmes, Inc. degree of operating leverage margin of safety ratio break even point contribution margin ratio
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