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Coronado Company has sales of $506000, variable costs of $417450, and fixed costs of $21000. Sandhill Company has sales of $506000, variable costs of $201000, and ixed costs of $255000. Coronado's contribution margin ratio is O 18%. 83%. O 60%. O 96%.

Coronado Company has sales of $506000, variable costs of $417450, and fixed costs of $21000. Sandhill Company has sales of $506000, variable costs of $201000, and ixed costs of $255000. Coronado's contribution margin ratio is O 18%. 83%. O 60%. O 96%.

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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Subject :- Accounting 

Coronado Company has sales of $506000, variable costs of $417450, and fixed costs of $21000. Sandhill Company has sales of $506000, variable costs of $201000, and ixed costs of $255000. Coronado's contribution margin ratio is O 18%. 83%. O 60%. O 96%.
Transcribed Image Text:Coronado Company has sales of $506000, variable costs of $417450, and fixed costs of $21000. Sandhill Company has sales of $506000, variable costs of $201000, and ixed costs of $255000. Coronado's contribution margin ratio is O 18%. 83%. O 60%. O 96%.
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