Shannon Company segments its income statement in its North and South Division. The...
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Shannon Company segments its income statement in its North and South Division. The company's overall sales, contribution margin ratio, and net operating income are $ and $ respectively. The North Division's contribution margin and contribution margin ratio are $ and respectively. The South Division's segment margin is $ The company has $ of common fixed expenses that cannot be traced to either division.
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Prepare an income statement for Shannon Company that uses the contribution format and is segmented by divisions. Round your percentage answers to decimal place ie should be entered as
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