Heidi C. sells golf putters specifically designed for petite women. The company's accountant prepared the following income statement for the company's most recent quarter. Sales Revenue $525,000 Cost of Goods Sold $180,000 Variable Selling Expense 27,000 Variable General and Administrative Expenses 18,750 Total Variable Expenses 225,750 Contribution Margin 299,250 Fixed Selling Expenses 51,000 Fixed General and Administrative Expenses 96,000 Total Fixed Expenses 147,000 Net Income $152,250 What is the company's contribution margin ratio if each putter sells for $105?

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Calculating Contribution Margin Ratio Heres how to find the contribution margin ratio for Heidi Cs c... View the full answer