Question: If the contribution margin ratio increases by 10% and all else remains the same, what is the effect on net income? a. Net income will

If the contribution margin ratio increases by 10% and all else remains the same, what is the effect on net income?

a. Net income will increase

b. Net income will increase by 20%

c, More information is need to answer this question

d. Net income will increase by 10%

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