Sorin Inc., a company that produces and sells a single product, has provided its contribution...
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Accounting
Sorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (4,200 units) $ 155,400 Variable expenses 100,800 Contribution margin 54,600 Fixed expenses 42,400 Net operating income $ 12,200 The contribution margin ratio is closest to:
a.
54%
b.
22%
c.
35%
d.
78%
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