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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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