J) disclosed the following information for November: Sales: $ 408,000 Contribution margin: $ 108,800 Net operating incone : $ 20,900 The company's margin of safety as a peroentage of its sales is closest to: (Do not round intermediate calculations.) Multiple choice 12.85% 24.46% 29.02% 19.21%

J) disclosed the following information for November: Sales: $ 408,000 Contribution margin: $ 108,800 Net operating incone : $ 20,900 The company's margin of safety as a peroentage of its sales is closest to: (Do not round intermediate calculations.) Multiple choice 12.85% 24.46% 29.02% 19.21%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

(J)

disclosed the following information for November:

Sales: $ 408,000
Contribution margin: $ 108,800
Net operating incone : $ 20,900

The company's margin of safety as a peroentage of its sales is closest to: (Do not round intermediate calculations.)
Multiple choice

12.85%

24.46%

29.02%

19.21%

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