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Kiki Assembly is a manufacturer of bicycles. The companys contribution style income statement for 20x5...

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Accounting

Kiki Assembly is a manufacturer of bicycles. The companys contribution style income statement for 20x5 is given below: Sales (1302 units) $544432 Variable Costs 263174 Contribution Margin $281258 Fixed Costs 142869 Operating Income $138389 Income Tax Expense (20%) 27677.8 Net Income $110711.2 What is Kikis margin of safety expressed as a percentage?

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