Sorento Company has two divisions: Sporting Goods and Sports Gear. The sales mix is 45.00% for Sporting Goods and 55.00% for Sports Gear. The company incurs $12,500 in fixed costs. The contribution margin ratio for Sporting Goods is 70.00%, while for Sports Gear it is 10.00%. What is the company's weighted-average contribution margin ratio?
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Sorento Company has two divisions: Sporting Goods and Sports Gear. The sales mix is 45.00% for Sport...
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