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Big Chill, Inc. sold 155,585 portable dehumidifier units at $124. Unit variable costs were $82. Fixed costs were $4,044,700. At this price and volume, what was the firm's return on sales? Report your answer as a percentage and round to the nearest whole number.

Big Chill, Inc. sold 155,585 portable dehumidifier units at $124. Unit variable costs were $82. Fixed costs were $4,044,700. At this price and volume, what was the firm's return on sales? Report your answer as a percentage and round to the nearest whole number.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Big Chill, Inc. sold 155,585 portable dehumidifier units at $124. Unit variable costs were $82. Fixed costs were $4,044,700. At this price and volume, what was the firm's return on sales? Report your answer as a percentage and round to the nearest whole number.
Transcribed Image Text:Big Chill, Inc. sold 155,585 portable dehumidifier units at $124. Unit variable costs were $82. Fixed costs were $4,044,700. At this price and volume, what was the firm's return on sales? Report your answer as a percentage and round to the nearest whole number.
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