Question
The contribution format income statement for Huerra Company for last year is given below: TotalUnitSales$996,000$49.80Variable expenses597,60029.88Contribution margin398,40019.92Fixed expenses318,40015.92Net operating income80,0004.00Income taxes @ 40%32,0001.60Net income$48,000$2.40 The
The contribution format income statement for Huerra Company for last year is given below:
TotalUnitSales$996,000$49.80Variable expenses597,60029.88Contribution margin398,40019.92Fixed expenses318,40015.92Net operating income80,0004.00Income taxes @ 40%32,0001.60Net income$48,000$2.40
The company had average operating assets of $492,000 during the year.
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Corporate Financial Strategy
Authors: Ruth Bender
4th Edition
1136181105, 9781136181108
