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The Wile E. Coyote Company is planning to produce and sell $10,000 units of its only product at a unit price of $100. At this

The Wile E. Coyote Company is planning to produce and sell $10,000 units of its only product at a unit price of $100. At this sales level the Company will generate $400,000 in total contribution margin and incur fixed cost of $30/unit.

a. Calculate the Companys contribution margin ratio.

With a step-by-step explanation please!

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