Given the following information, calculate the break-even ratio on the following commercial property. Operating expenses:...
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Accounting
Given the following information, calculate the break-even ratio on the following commercial property. Operating expenses: $650,000, Capital expenditures: $105,000, Potential gross income: $2,500,000, Debt service in the first year: $960,000, Loan amount: $20,000,000, Purchase price: $27,300,000
A. 43.7 % B. 55.8 % C. 68.6 % D. 75.2 %
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