Tyson568 Tyson568

14-03-2024
Business

contestada

Calculate the contribution margin ratio for Riley Company using the following income statement information for the year:

Sales revenue: $553,000
Variable cost: ($329,000)
Fixed cost: $184,000
Net income: $40,000

A) 40%
B) 45%
C) 48%
D) 52%

Respuesta :

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