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Question - Foster's Repair Shop has a monthly target operating income of P30,000. Variable expenses are 40% of sales, and monthly fixed expenses are $7,500. Assume that the company reaches its target. By what percentage will the company's operating income fall if sales volume declines by 12%?
A. Decline by 10%
B. Decline by 11%
C. Decline by 15%
D. Decline by 16%
Compute the companys margin, turnover, and return on investment (ROI) for last year. (Do not round intermediate calculations. Round your final answers to 2 decimal places.
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