FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Elmwood Manufacturing reported sales of $2,000,000 last year (100,000 units at $20 each),
when the break-even point was 80,000 units. Elmwood's margin of safety ratio is
20%
O 120%.
80%
O
25%
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Transcribed Image Text:Elmwood Manufacturing reported sales of $2,000,000 last year (100,000 units at $20 each), when the break-even point was 80,000 units. Elmwood's margin of safety ratio is 20% O 120%. 80% O 25%
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