Evan's Electronics Boutique sells a digital camera. The following information was reported for the digital camera last month: Sales$17,600Variable expenses 9,680Contribution margin 7,920Fixed expenses 3,600Net operating income$4,320Evan's margin of safety in dollars and percentage are closest to:
A. $9,600 and 120%
B. $8,000 and 45%
C. $9,600 and 55%
D. $8,000 and 83%
Answer: C
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