Ellis Electrical Products serves both residential and commercial clients. Annual financial information for Ellis is as follows: If variable costs for the residential business increase by 20%, what is the new contribution margin ratio percentage for Ellis Electrical Products?

Question

Ellis Electrical Products serves both residential and commercial clients. Annual financial information for Ellis is as follows:  If variable costs for the residential business increase by 20%, what is the new contribution margin ratio percentage for Ellis Electrical Products?

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The Answer of Ellis Electrical Products serves both residential and commercial clients. Annual financial information for Ellis is as follows:  If variable costs for the residential business increase by 20%, what is the new contribution margin ratio percentage for Ellis Electrical Products?

Ellis Electrical Products Serves Both Residential and Commercial Clients