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ABC Company has an after-tax profit of P140,000. ABC has a return on sales of...

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Accounting

ABC Company has an after-tax profit of P140,000. ABC has a return on sales of 20% and the tax rate is 30%. The total fixed costs of ABC amounts to P100,000, what is the contribution margin ratio if the sales volume increases to 150%? (round of your answers to four decimal places, do not use percentage. Wrong: 27.28%, Right 0.2728)

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