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Sarratt Corporation's contribution margin ratio is 80% and its fixed monthly expenses are $49,000. Assume that the company's sales for May are expected to be

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Sarratt Corporation's contribution margin ratio is 80% and its fixed monthly expenses are $49,000. Assume that the company's sales for May are expected to be $108,000. Required: Estimate the company's net operating income for May, assuming that the fixed monthly expenses do not change

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