Current Attempt in Progress Sheridan Company reported the following information for the current year: Sales (58000 units) $1160000, direct materials and direct labor $580000, other variable costs $58000, and fixed costs $360000. What is Sheridan's contribution margin ratio? 34%. 66%. O 55%. O 45%.

Sheridan Company reported the following information for the current year: Sales ( 58000 units) $1160000, direct materials and direct labor $580000, other variable costs $58000, and fixed costs $360000. What is Sheridar's contribution margin ratio? 34% 66% 55% 45%