Exercise 3-13 (Part Level Submission) Wildhorse Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $45 throughout the country to loyal alumni of over 1,800 schools. Wildhorse's variable costs are 41% of sales; fixed costs are $118,000 per month (al) Your answer is correct. Calculate contribution margin ratio. (Round ratio to 2 percentage places, eg, 0.38 = 38%.) 59 Contribution margin ratio LINK TO TEXT LINK TO VIDEO LINK TO VIDEO