Compton Corporation is a wholesale distributor of educational CD-ROMs. The company's records indicate the following: This Year
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Compton Corporation is a wholesale distributor of educational CD-ROMs. The company's records indicate the following:
This Year | Last Year | |||||
Units Sold | 250,000 | 200,000 | ||||
Sales | $ | 1,250,000 | $ | 1,000,000 | ||
Cost of goods sold | 875,000 | 700,000 | ||||
Gross margin | 375,000 | 300,000 | ||||
Selling and administrative expenses | 222,000 | 210,000 | ||||
Net operating income | $ | 153,000 | $ | 90,000 | ||
What is the company's contribution margin for this year?
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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