The following is Addison Corporation's contribution format income statement for last month: 
The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month.
-What is the company's contribution margin ratio?
Definitions:
Business Tort
A wrongful act, other than a breach of contract, that results in injury or damage to another's business interests.
Implied-In-Fact Contract
A contract formed by the actions and circumstances of the parties involved, rather than written or spoken words.
Licensing Statute
Legislation that specifies the requirements and conditions for obtaining a professional or business license to legally operate.
Illegal And Unenforceable
Describes contracts that cannot be legally upheld or enforced due to the inclusion of illegal acts or elements.
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