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What is the contribution margin ratio for habitat company

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Reference no: EM132576581

Habitat Helps Company provides cleaning services to commercial and residential customers. The commercial business segment provided services to 230 customers and the residential business segment provided services to 625 customers.

                                           Commercial.                 Residential.                            Total

Service Revenue.                   $87,000.                       $125,000.                             $212,000
Variable Costs.                        27,000.                       56,000.                                   83,000
Fixed Costs.                            42,000.                       45,000.                           87,000
Operating Income.                $18,000.                      $ 24,000.                            $42,000

Question 1: What is the contribution margin ratio for Habitat Company? (Round answer to two decimal places.)

Reference no: EM132576581

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