If sales are $500,000, variable cost are $200,000, and fixed costs are $240,000, what is the contribution margin ratio? Answer:

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A: The answer is stated below:

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A: Times interest Earned = EBIT / Interest Expense The company with the highest Times Interest Earned…

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A: Contribution margin ratio = (Contribution margin  / Sales) x 100 where, Contribution margin = Sales…

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Q: If someone gives you $5,000 to do a job what is the journal entry to recognize this $5,000…

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A: Answer:

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A: Return on assets ratio = Net income / Average Assets Assets turnover ratio = Sales / Average Assets…