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Violet Inc. produced and sold 2,000 units of one product during the year. The company's net income was $40,000, its fixed cost per unit was
Violet Inc. produced and sold 2,000 units of one product during the year. The company's net income was $40,000, its fixed cost per unit was $60, and the variable cost ratio was .25. What must the company's sales revenue be if it wants to earn $50,000 next year? $192,000 $208,000 $226,667 $211,111 None of the above
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