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Business, 21.06.2021 16:40 sbanoali6120

Kite Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (3,000 units) $ 180,000
Variable expenses 108,000
Contribution margin 72,000
Fixed expenses 62,400
Net operating income $ 9,600
The contribution margin ratio is closest to:.
a. 33%
b. 40%
c. 60%
d. 67%

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Kite Corporation has provided the following contribution format income statement. Assume that the fo...
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