Feiler Corporation has total current assets of $493,000, total current liabilities of $357,000, total stockholders' equity of $1,067,000, total net plant and equipment of $1,041,000, total assets of $1,534,000, and total liabilities of $467,000.
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Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $315,000, total variable expenses were $239,400, and fixed expenses were $39,000. Required: 1. What is the company's contribution margin (CM) ratio? 2.
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