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Smith Co. has a contribution margin ratio of 40% and a breakeven point of $200,000 in sales. If the firm reports an after-tax net income
Smith Co. has a contribution margin ratio of 40% and a breakeven point of $200,000 in sales. If the firm reports an after-tax net income of $50,000 (tax rate is 50%), what were total sales revenue for the year?
a. 450,000
b. 466,667
c. 500,000
d. 700,000
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