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Clay Inc. has two divisions, Myrtle and Laurel. Following is the income statement for the...

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Accounting

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Clay Inc. has two divisions, Myrtle and Laurel. Following is the income statement for the previous year: Sales Variable costs Contribution Margin Fixed Costs (allocated) Profit Margin Myrtle Laurel Total $561,300 $337,500 $898,800 177,600 175,200 352,800 383,700 162,300 546,000 285,575 172,025 457,600 98,125 $ (9,725) $ 88,400 What would Clay's profit margin be if the Laurel division was dropped and all fixed costs are unavoidable

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