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A business had a margin of safety ratio of 20%, variable costs of 75% of sales, fixed costs of $240,000, a break-even point of $960,000, and operating income of $60,000 for the current year. Calculate the current year's sales.
Numerical Indexes
Measures or indicators that are expressed as numbers, often used to compare and analyze data.
Mean
The arithmetic average of a set of values, calculated by summing the values and then dividing by the number of values.
Distribution
In statistics, the way in which values of a variable are spread or dispersed across a set of data.
Standard Deviation
A statistical measure that quantifies the amount of variation or dispersion of a set of data values from the mean.
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