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MCQ: Accounting-The contribution margin ratio is calculated as how? a) Contribution margin divided by sales b) Operating income divided by sales c) Gross margin divided by sales d) Net income divided by sales

MCQ: Accounting-The contribution margin ratio is calculated as how? a) Contribution margin divided by sales b) Operating income divided by sales c) Gross margin divided by sales d) Net income divided by sales

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 3Q: Explain how a contribution margin income statement can be used to determine profitability.
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MCQ: Accounting-The contribution margin ratio is calculated as how? a) Contribution margin divided by sales b) Operating income divided by sales c) Gross margin divided by sales d) Net income divided by sales
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