Company As income statement for this year is shown below. Assume that the companys sales will increase
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Question:
Company A’s income statement for this year is shown below. Assume that the company’s sales will increase by 20% but fixed expenses remain the same next year. By what percentage will net operating income increase?
Sales | $100 |
Variable expenses | 20 |
Contribution Margin | 80 |
Fixed expenses | 60 |
Net operating income | $20 |
Multiple Choice
40%
80%
20%
60%
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