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mylesnagop mylesnagop
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A month ago
To produce chewing gum, DryFruit Gum Company pays $100,000 per year for rent on a long-term lease and $25 per kilogram for sorbitol and other ingredients. These are the only costs associated with making DryFruit Gum. During the year, the firm sold 30,000 kilograms of chewing gum at $45 per kilogram. Ignoring income taxes, the profit margin for DryFruit is closest to

▸ 55.56%.

▸ 37.04%.

▸ 44.44%.

▸ 120.00%.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
Author:
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casinogurlcasinogurl
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