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What is the company margin of safety percentage

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Reference no: EM133065596

Question - The following is last month's contribution format income statement:

Sales (12,000 units) $1,200,000

Less variable expenses 700,000

Contribution margin 500,000

Less fixed expenses 300,000

Net income $200,000

Required - What is the company's margin of safety percentage?

Reference no: EM133065596

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