During the last accounting period, Crane Corporation sold 104000 units at $45 each. The variable...
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Accounting
During the last accounting period, Crane Corporation sold 104000 units at $45 each. The variable cost per unit was $20 per unit. Fixed costs totaled $1100000. What was the companys margin of safety ratio?
0.58
0.80
0.24
0.42
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