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Below is the current year's income statement for Whitney Company: Sales $150,000 Variable costs 90,000 Contribution margin $60,000 Fixed costs 20,000 Operating income $40,000 The

Below is the current year's income statement for Whitney Company:

Sales	$150,000
Variable costs	90,000
Contribution margin	$60,000
Fixed costs	20,000
Operating income	$40,000

The contribution margin ratio is:

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