Mercantile Corporation has sales of $2,000,000, variable costs of $800,000, and fixed costs of $900,000. Mercantile's margin of safety ratio is 15. .25. 33. .75.
Mercantile Corporation has sales of $2,000,000, variable costs of $800,000, and fixed costs of $900,000. Mercantile's margin of safety ratio is 15. .25. 33. .75.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Mercantile Corporation has sales of $2,000,000, variable costs of $800,000, and fixed costs of $900,000.
3
Mercantile's margin of safety ratio is
O.15.
.25.
.33.
.75.
a
$
4
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myCayote
do L
%
5
A
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Transcribed Image Text:Mercantile Corporation has sales of $2,000,000, variable costs of $800,000, and fixed costs of $900,000.
3
Mercantile's margin of safety ratio is
O.15.
.25.
.33.
.75.
a
$
4
ņ
myCayote
do L
%
5
A
MacBook Pro
<
6
T22120-
&
7
W
P
*
8
s
Œ
a
Ó
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