Mcmurtry Corporation sells a product for $150 per unit. The product's current sales are 12,600 units and its break-even sales are 11,214 units. The margin of safety as a percentage of sales is closest to: Multiple Choice 11% 12% 89% 88%
Mcmurtry Corporation sells a product for $150 per unit. The product's current sales are 12,600 units and its break-even sales are 11,214 units. The margin of safety as a percentage of sales is closest to: Multiple Choice 11% 12% 89% 88%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Mcmurtry Corporation sells a product for
$150 per unit. The product's current sales
are 12,600 units and its break-even sales
are 11,214 units. The margin of safety as a
percentage of sales is closest to:
Multiple Choice
11%
12%
89%
88%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4cf9133d-2dd4-45f6-b833-be7167a81438%2F60db98b2-48e5-4235-b797-7b3662b4a8b0%2F0etidc5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Mcmurtry Corporation sells a product for
$150 per unit. The product's current sales
are 12,600 units and its break-even sales
are 11,214 units. The margin of safety as a
percentage of sales is closest to:
Multiple Choice
11%
12%
89%
88%
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