Question: Kingston Bakers Ltd. most recent monthly contribution format income statement is given below: $ Sales (6000 units) 60000 Less variable expenses 45000 Contribution margin 15000

Kingston Bakers Ltd. most recent monthly contribution format income statement is given below: $ Sales (6000 units) 60000 Less variable expenses 45000 Contribution margin 15000 Less fixed expenses 18000 Net loss -3000 The company sells its only product for $10 per unit. There were no beginning or ending inventories. What is the the company's contribution margin ratio?

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