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Question - The following is X Company's 2018 Income Statement:
Revenue
$256,900
Less:
Variable manufacturing expenses
105,700
Variable period expenses
32,900
Total contribution margin
$118,300
Fixed manufacturing expenses
30,000
Fixed period expenses
25,000
Profit
$63,300
Assume that in 2019, the relationship between sales and variable costs will not change, nor will fixed costs. Management thinks that there will be decreased demand for its products. What would revenue have to be in 2019 in order for X Company to break even [round all rates to two decimal places]?
A company has current assets of $45,000, current liabilities of $30,000, and total liabilities of $55,000. The current ratio is:
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