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Dry Cleaners has determined the following about its costs: Total variable expenses are $37,500, total...

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Accounting

Dry Cleaners has determined the following about its costs: Total variable expenses are $37,500, total fixed expenses are $$33,000, and the sales revenue needed to break even is $ 44 comma 000$44,000. Determine the company's current 1) sales revenue and 2) operating income. (Hint: First, find the contribution margin ratio; then prepare the contribution margin income statement.)

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