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The following is Arkadia Corporation's contribution format income statement for last month Sols 51,200,000 Variable expenses 800.000 Contribution margin 400,000 300.000 Foed expenses Net operating
The following is Arkadia Corporation's contribution format income statement for last month Sols 51,200,000 Variable expenses 800.000 Contribution margin 400,000 300.000 Foed expenses Net operating income 100.000 The company has no beginning or ending inventories and produced and sold 20,000 units during the month Required: What is the company's contribution margin ratio? An acceptable format for your answer would be 0.00000. An example using this format would be 0.4444. Please extend your answer out four places. Do not include the sign in your response. For example, 04464 or 44,44% is not correct
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