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The following income statements are provided for Li Company's last two of operation Seved The following income statements are provided for LI Company's last two
The following income statements are provided for Li Company's last two of operation Seved The following income statements are provided for LI Company's last two years of operation: Number of units produced and sold Sales revenue Cost of goods sold Gross margin General, selling, and administrative expenses Net income Year 1 3,500 $101,500 68,000 33,500 13,000 $ 20,500 Year 2 3,000 $87,000 60,000 27,000 12,000 $15,000 3:26 Assuming that cost behavior did not change over the two-year period, what is LI Company's contribution margin in Year 2? Multiple Choice $39,000 $69.000 $33,000 $32.000
The following income statements are provided for Li Company's last two of operation
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