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Calculate the variable expense ratio from the following information: Sales: $200,000 Contribution Margin: $140,000 Fixed Expenses: $50,000 a. 30% b. 75% c. 70% d. 95%
Calculate the variable expense ratio from the following information:
Sales: $200,000
Contribution Margin: $140,000
Fixed Expenses: $50,000
a. 30%
b. 75%
c. 70%
d. 95%
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