Solved

EM Sales Had $2,200,000 in Sales Last Month

Question 77

Multiple Choice

EM Sales had $2,200,000 in sales last month.The contribution margin ratio was 30% and operating profits were $180,000.What is EM's margin of safety?

A) $480,000
B) $600,000
C) $2,020,000
D) Cannot determine with the information given.

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