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Consider the following information available for Helium Industries: | Total fixed costs | $875,000 || Contribution margin ratio | 0.25 Based on the given information, calculate the sales revenue needed to achieve a target profit of $275,000. a. $4,600,000 b. $5,200,000 c. $4,200,000 d. $3,500,000

Consider the following information available for Helium Industries: | Total fixed costs | $875,000 || Contribution margin ratio | 0.25 Based on the given information, calculate the sales revenue needed to achieve a target profit of $275,000. a. $4,600,000 b. $5,200,000 c. $4,200,000 d. $3,500,000

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter14: Capital Structure Management In Practice
Section14.A: Breakeven Analysis
Problem 7P
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Consider the following information available for Helium Industries: | Total fixed costs | $875,000 || Contribution margin ratio | 0.25 Based on the given information, calculate the sales revenue needed to achieve a target profit of $275,000. a. $4,600,000 b. $5,200,000 c. $4,200,000 d. $3,500,000
Transcribed Image Text:Consider the following information available for Helium Industries: | Total fixed costs | $875,000 || Contribution margin ratio | 0.25 Based on the given information, calculate the sales revenue needed to achieve a target profit of $275,000. a. $4,600,000 b. $5,200,000 c. $4,200,000 d. $3,500,000
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