Cabrera Enterprises, a company that produces and sells a single product has provided its contribution format...

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Cabrera Enterprises, a company that produces and sells a single product has provided its contribution format income statement: Sales (52,500 units) $ 1,995,000 Variable Expenses 1,181,250 Contribution Margin 813,750 Fixed Expenses 697,200 116,550 Net Operating Income Calculate the contribution margin ratio for the company. Round to one decimal place. (XX.X%) Cabrera Enterprises, a company that produces and sells a single product has provided its contribution format income statement: Sales (52,500 units) $ 1,995,000 Variable Expenses 1,181,250 Contribution Margin 813,750 Fixed Expenses 697,200 116,550 Net Operating Income Calculate the contribution margin ratio for the company. Round to one decimal place. (XX.X%)