Arroyo Corporation produced and sold 80,000 units and reported sales of $4,000,000 during the past...
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Accounting
Arroyo Corporation produced and sold 80,000 units and reported sales of $4,000,000 during the past year. Management determined that variable expenses totaled $2,800,000 and fixed expenses totaled $720,000. What is the company's contribution margin ratio? A) 30% B) 70% C) 150% D) 250%
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