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The following is Arkadia Corporation's contribution format income statement for last month: Sales Variable expenses Contribution margin Fixed expenses Net operating income $1,200.000 400,000 The

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The following is Arkadia Corporation's contribution format income statement for last month: Sales Variable expenses Contribution margin Fixed expenses Net operating income $1,200.000 400,000 The company has no beginning or ending inventories and produced and sold 20,000 units during the month. Required: a. What is the company's contribution margin ratio

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