Sales$ 400,e00Variable expenses260,e00Contribution marginFixed expenses140,00096,e00Net operating income$ 44,e00Average operating assets$ 350,e00The margin is closest to:Multipie Cholce12.9%35.0%.114.3%.

Formula: Contribution margin ratio = ( Contribution margin / Sales ) x 100

Answered: Sales $ 400, eee Variable expenses…

Sales $ 400, eee Variable expenses 260,e00 140, eee Contribution margin Fixed expenses 96,eee Net operating income $ 44,000 Average operating assets $ 350,000 The margin is closest to:

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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Question

Sales
$ 400,e00
Variable expenses
260,e00
Contribution margin
Fixed expenses
140,000
96,e00
Net operating income
$ 44,e00
Average operating assets
$ 350,e00
The margin is closest to:
Multipie Cholce
12.9%
35.0%.
114.3%.

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