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The income statement for Symbiosis Manufacturing Company for 2018 is as follows: Sales (10,000 units) Variable expenses Contribution margin Fixed expenses Operating income $120,000

 

The income statement for Symbiosis Manufacturing Company for 2018 is as follows: Sales (10,000 units) Variable expenses Contribution margin Fixed expenses Operating income $120,000 72,000 $48,000 36,000 $12,000 What is the contribution margin ratio? Oa. 60% Ob. 100% Oc. 30% Od. 40%

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