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What is the company CM ratio

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Reference no: EM132863595

Question - A company manufactures a single product and their income statement at a sales level of 21,000 units for the last quarter states as follows:

Sales = 2,520,000

Variable expenses = 1,512,000

Contribution margin = 1,008,000

Fixed expenses = 810,000

Operating net income = 198,000

What is the company's CM ratio? If quarterly sales decrease by 100,800 and there is no change in fixed expenses, what would the quarter's net operating income be?

Reference no: EM132863595

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