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Last year Easton Corporation reported sales of $480,000, a contribution margin ratio of 25% and...

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Question

Accounting

Last year Easton Corporation reported sales of $480,000, a contribution margin ratio of 25% and a net profit of $20,000. Based on this information, the break-even point ($) was:

a.

$600,000

b.

$506,000

c.

$435,000

d.

$400,000

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