Kite corporation has provided the following contribution format income statement. assume that the following information is within the relevant range. sales (3,000 units) $ 180,000 variable expenses 108,000 contribution margin 72,000 fixed expenses 62,400 net operating income $ 9,600 the contribution margin ratio is closest to:
multiple choice
a. 33%
b. 60%
c. 67%
d. 40%

Faldo corp sells on terms that allow customers 45 days to pay for merchandise. its sales last year were $325,000, and its year-end receivables were $60,000. if its dso is less than the 45-day credit period, then customers are paying on time. otherwise, they are paying late. by how much are customers paying early or late? base your answer on this equation: dso - credit period = days early or late, and use a 365-day year when calculating the dso. a positive answer indicates late payments, while a negative answer indicates early payments.a. 21.27b. 22.38c. 23.50d. 24.68e. 25.91b