A paint manufacturer has supplied the following data:

gallons of paint produced and sold

Sales revenue

Variable manufacturing expense

Fixed manufacturing expense

Variable selling and administrative expense

Fixed selling and administrative expense

Net operating income

$245,000$

$$949,000$

$$226,000$

$$295,000$

$$153,600$

$$87,000$

$$187,400$

The company's contribution margin ratio is closest to:

Multiple Choice

$19\mathrm{.}7\%$

$60\mathrm{.}0\%$