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What were total sales for the year

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Question 1: Smith Co. has a contribution margin ratio of 40% and a breakeven point of $200,000 in sales. If the firm reports net income of $50,000 after taxes of 50%, what were total sales for the year?

Option a). $450,000

Option b). $466,667

Option c). $500,000

Option d). $700,000

Reference no: EM132530667

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