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Sarratt Corporation's contribution margin ratio is 79% and its fixed monthly expenses are $48,000. Assume that the company's sales for May are expected to be

Sarratt Corporation's contribution margin ratio is 79% and its fixed monthly expenses are $48,000. Assume that the company's sales for May are expected to be $107,000. Required: Estimate the company's net operating income for May, assuming that the fixed monthly expenses do not change. Net operating income

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