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The following is Arkadia Corporation's contribution format income statement for last month: $1.200,000 Sales Variable...

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Accounting

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The following is Arkadia Corporation's contribution format income statement for last month: $1.200,000 Sales Variable expenses 800.000 Contribution margin 400,000 Fixed expenses 300.000 Net operating Income $100.000 The company has no beginning or ending inventories and produced and sold 20,000 units during the month. Required: What is the company's contribution margin ratio

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