For Wickham Co

question 110

Multiple Choice

For Wickham Co., sales is $3,000,000, fixed expenses are $900,000, and the contribution margin ratio is 36%. What is required sales in dollars to earn a target net income of $600,000?

• A) $1,666,667
• B) $2,500,000
• C) $4,166,667
• D) $8,333,333