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Bryce Co. sales are $914,000, variable costs are $498,130, and operating income is $196,000. What is the contribution margin ratio? Multiple Choice 28.4% 45.5% 52.2%

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Bryce Co. sales are $914,000, variable costs are $498,130, and operating income is $196,000. What is the contribution margin ratio? Multiple Choice 28.4% 45.5% 52.2% 54.5%

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