The cost of goods sold in the merchandising company (retail company) is the purchase price per item, which is 100% variable cost. The income statements below are the consolidated income statement of ABC Co., Ltd. which covers the period from September 1, 2019 to August 31, 2020 and the consolidated income statement of the XYZ Inc. for the period from February 1, 2019 or January 31, 2020. Data: ABC Co. Ltd (in ): Sales Revenue: 21329.92 Cost of Goods Sold: 10590.36 Gross Margin: 10739.56 Selling, General & Admin. Expenses and others: 8249.45 Operating Profit: 2490.11 XYZ Inc. (in $): Sales Revenue: $16383 Cost of Goods Sold: $10250 Gross Margin: $6133 Selling, General & Admin. Expenses and others: $5559 Operating Profit: $574 Questions: 1. Complete the profit equation by entering appropriate numbers from the consolidated financial statements of ABC Co. Ltd and XYZ Inc.

	Operation Profit =	Sales Revenue	- Total Variable Costs	- Total Fixed Costs
ABC Co. Ltd
XYZ Inc.

2. How much is the contribution margin in amount for ABC Co. Ltd and XYZ Inc? ABC Co. Ltd.: XYZ Inc.: 3. Calculate the contribution margin %: ABC Co. Ltd.: XYZ Inc.: 4. Which company is better in terms of the contribution margin%? 5. What is the break-even sale in amount? 6. What is the margin of safety in %? 7. Which company is better in terms of the margin of safety %?