If the contribution margin ratio for Harrison Company is 38%, sales were $425,000, and fixed costs were $100,000, what was the income from operations? A) $163,500 B) $161,500 C) $54,730 D) 61,500
If the contribution margin ratio for Harrison Company is 38%, sales were $425,000, and fixed costs were $100,000, what was the income from operations? A) $163,500 B) $161,500 C) $54,730 D) 61,500
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:If the contribution margin ratio for Harrison Company is 38 %, sales were $425,000, and fixed costs were $100,000, what was the
income from operations?
A) $163,500
B) $161,500
C) $54,730
61,500
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