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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%

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%

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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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%
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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