Multiple Choice
Champion Cooling Co. signed an exclusive contract with a scrap metal dealer that is willing to pay 33 cents a pound for scrap copper. If the cost of goods sold reported by Champion amounts to $100,000 and the scrap cost is equal to $20,000 for their 3030 pounds of scrap copper, what is Champion's scrap efficiency?
A) 7.60
B) 5.00
C) 6.26
D) 9.33
E) 3.18
Correct Answer:
Verified
Correct Answer:
Verified
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