Psari's, a company that sells fishing nets, provides the following information about its product: Targeted operating...
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Psari's, a company that sells fishing nets, provides the following information about its product: Targeted operating income Sales price per unit Variable cost per unit Total fixed costs $60,000 10.00 3.00 110,000 What is the contribution margin ratio? (Round any intermediate calculations and your final answer to two decimal places.) A. 150% OB. 30% OC. 100% OD. 70% Psari's, a company that sells fishing nets, provides the following information about its product: Targeted operating income Sales price per unit Variable cost per unit Total fixed costs $60,000 10.00 3.00 110,000 What is the contribution margin ratio? (Round any intermediate calculations and your final answer to two decimal places.) A. 150% OB. 30% OC. 100% OD. 70%
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