Chapter 21, Problem 3.2AA

Accounting problem

5 POINTS

None

I need help with this financial accounting problem using proper accounting guidelines.

Please provide the answer to this general accounting question using the right approach.

I am looking for help with this financial accounting question using proper accounting standards.

Parkway Limited has provided the following data for the most recent year: net operating income, $53,800; fixed expense, $87,500; sales, $225,000; and CM ratio, 63%. What is the company's total contribution margin? a. $141,750 b. $101,000 c. $148,500 d. $155,100 HELP

Please provide the correct answer to this financial accounting problem using accurate calculations.

Accounting solution please and correct