Sarah Smith, a sole proprietor, has the following projected figures for next year: Variable cost per unit $148.00 Contribution margin per unit $ 52.00 Total fixed costs $ 550,000 What is the contribution margin ratio? Group of answer choices 74.00% 26.00% 35.14% 52.00%

Sarah Smith, a sole proprietor, has the following projected figures for next year: Variable cost per unit $148.00 Contribution margin per unit $ 52.00 Total fixed costs $ 550,000 What is the contribution margin ratio? Group of answer choices 74.00% 26.00% 35.14% 52.00%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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