Ensley Corporation has provided the following data concerning its only product:
Selling price....................... $200 per unit
Current sales...................... 30,300 units
Break-even sales................ 21,816 units
The margin of safety as a percentage of sales is closest to:
A) 61%
B) 28%
C) 72%
D) 39%
SOLUTION
Selling price....................... $200 per unit
Current sales...................... 30,300 units
Break-even sales................ 21,816 units
The margin of safety as a percentage of sales is closest to:
A) 61%
B) 28%
C) 72%
D) 39%
SOLUTION
