The following data are for Lily Kay Company. Total sales revenue $250,000 Number of units sold 50,000 units Contribution margin per unit $3.50 Fixed costs $100,000 Calculate the number of units that must be sold to generate net income of $80,000.
a. 120,000 units
b. 51,429 units
c. 22,857 units
d. 5,714 units
e. 13,333 units
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