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Smith Dry Cleaners has delemined the following about is costs: Total variable expenses are $45,000, total foxed expenses ate $30,000, and the sales revenue needed

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Smith Dry Cleaners has delemined the following about is costs: Total variable expenses are $45,000, total foxed expenses ate $30,000, and the sales revenue needed to break even is $40,000. Determine the compary's current 1) sales reverue and 2) operating income. (Hint. First, find the contribution margin ratio; then prepare the contrbution margin income staternent)

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