Sales	Total	Unit
Variable Expenses	4,000,000.00	80.00
Contribution margin	2,800,000.00	56.00
Fixed expenses	1,200,000.00	24.00
Net operating income	840,000.00	16.80
Income taxes @ 30%	360,000.00	7.20
Net operating income	108,000.00	2.16
	252,000.00	5.04
The company had avarage operating assets of $ 2000000 during the year.
Requirement 7. the company uses $200,00 of cash to repurchase and retire some of its common stock