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What the contribution margin ratio

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Question - Kelsay Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range.

Sales (9,000 units) $540,000

Variable expenses 405,000

Contribution margin 135,000

Fixed expenses 130,500

Net operating income $4,500

Required - What the contribution margin ratio?

Reference no: EM132931595

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