Question: *Please show me how to solve this step by step!* Thank you! 10. For Sheffield Corp., sales is $1500000, fixed expenses are $400000, and the

*Please show me how to solve this step by step!* Thank you!

10. For Sheffield Corp., sales is $1500000, fixed expenses are $400000, and the contribution margin ratio is 36%. What is net income?

$140000

$396000

$540000

$144000

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