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Determine the Sheffield contribution margin ratio

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Reference no: EM132850015

Question - Sheffield Company has sales of $510000, variable costs of $414630, and fixed costs of $20000. Ivanhoe Company has sales of $510000, variable costs of $204000, and fixed costs of $247000. Determine the Sheffield's contribution margin ratio?

a. 18.70%.

b. 60.00%.

c. 81.30%.

d. 96.08%.

Reference no: EM132850015

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