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A cement manufacturer has supplied the following data: Tons of cement produced and sold 305,000 Sales revenue $ 1,009,000 Variable manufacturing expense $ 238,000 Fixed

A cement manufacturer has supplied the following data:

Tons of cement produced and sold 305,000
Sales revenue $ 1,009,000
Variable manufacturing expense $ 238,000
Fixed manufacturing expense $ 331,000
Variable selling and administrative expense $ 115,150
Fixed selling and administrative expense $ 99,000
Net operating income $ 225,850

The company's contribution margin ratio is closest to:

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