Archie Jackson Inc Required:
A $\quad$ $\quad$ $\underline{\quad\quad}$ $\%$

Archie Jackson Inc. ,sells a single product.The company's most recent income statement is given below.
$$\begin{array} { l r } \text { Sales } & \$ 200000 \\\text { Less variable expenses } & ( 120000 ) \\\text { Contribution margin } & 80000 \\\text { Less fixed expenses } & ( 50000 ) \\\text { Net profit } & \$ 30000\end{array}$$
Required:
a. Contribution margin ratio is $\quad$ $\quad$$\underline{\quad\quad}$ $\%$
b. Break-even point in total sales dollars is $\quad$ $\quad$$\$$$\underline{\quad\quad}$
c. To achieve $\$ 40000$ in net profit, sales must total $\quad$ $\quad$$\$$$\underline{\quad\quad}$
d. If sales increase by $\$ 50000$ , net profit will increase by $\quad$ $\quad$$\$$$\underline{\quad\quad}$
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