Business

8 February, 19:01

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:

Multiple Choice

a. 33%

b. 60%

c. 67%

d. 40%

+4

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