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The following information is for Lynch Company: Total sales = $425,000 Contribution margin ratio = 38% Total fixed costs = $100,000 How much is net

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The following information is for Lynch Company: Total sales = $425,000 Contribution margin ratio = 38% Total fixed costs = $100,000 How much is net income? Select one: a. $98,750 b. $161,500 c. $54,730 d. $163,500 e. $61,500

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