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A manufacturer of tiling grout has supplied the following data: Kilograms produced and sold 3 1 0 , 0 0 0 Sales revenue $ 1

A manufacturer of tiling grout has supplied the following data:
Kilograms produced and sold 310,000
Sales revenue $ 1,940,000
Variable manufacturing expense $ 959,000
Fixed manufacturing expense $ 264,000
Variable selling and administrative expense $ 357,000
Fixed selling and administrative expense $ 230,000
Net operating income $ 130,000
The company's contribution margin ratio is closest to:

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