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Waterway Company has sales of $506000, variable costs of $442750, and fixed costs of $25000. Carla Vista Company has sales of $506000, variable costs of
Waterway Company has sales of $506000, variable costs of $442750, and fixed costs of $25000. Carla Vista Company has sales of $506000, variable costs of $210000, and fixed costs of $244000. Waterways contribution margin ratio is:
1. 12.50%.
2. 58.50%.
3. 87.50%.
4. 95.06%.
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