Gayne Corporation's contribution margin ratio is 19% and its fixed monthly expenses are $52,500. If the company's sales for a month are $316,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change.
(A) $203,460
(B) $7,540
(C) $263,500
(D) $60,040
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Home » Business » Gayne Corporation's contribution margin ratio is 19% and its fixed monthly expenses are $52,500. If the company's sales for a month are $316,000, what is the best estimate of the company's net operating income?