Rozellas income statement is as follows: Sales (10,000 units)...
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Accounting
Rozellas income statement is as follows:
| Sales (10,000 units) | $120,000 |
| Less variable costs | - 48,000 |
| Contribution margin | $72,000 |
| Less fixed costs | - 24,000 |
| Net income | $ 48,000 |
What is the contribution margin ratio?
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