Exercise 6-16 Working with a Segmented Income Statement; Break-Even Analysis (LO6-4, LO6-5) [The following information applies to the questions displayed below] Raner, Harris & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm has two offices-one in Chicago and one in Minneapolis. The firm classifies the direct costs of consulting jobs as variable costs. A contribution format segmented income statement for the company's most recent year is given: office Total Company $ 862,500 100.08 54.0 Chicago $ 172,500 51,750 120,750 89,700 $ 31,050 Minneapolis $ 690,000 414,000 276,000 103, 500 $ 172,500 Sales 100 30 100 Variable expenses Contribution margin Traceable fixed expenses 465,750 60 46.08 396,750 193,200 708 40 22.4 521 154 office segnent nargin Comon fixed expenses not traceable to offices 203, 550 23.6 18 258 138,000 $65,550 16.00 Net operating income 7.61 Exercise 6-16 Part 3 . Assume that sales in Chicago increase by $57,500 next year and that sales in Minneapolis remain unchanged. Assume no change in xed costs. a. Prepare a new segmented income statement for the company. (Round your percentage answers to 1 decimal place (l.e. 0.1234 should be entered as 12.3).)

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing t…