For its top managers, Mars Travel formats its income statement as follows:

$($Click the icon to view the income statement$)$

Mars's relevant range is between sales of $$254,000$ and $$367,000$

Read the reguirements.

Requirement $1.$ Calculate the contribution margin ratio

Select the labels and enter the amounts to calculate the contribution margin ratio. $($Enter the contribution margin ratio as a whole percentage, $x\%)$

$=$ Contribution margin ratio

$=,\%$

Data table

$\backslash$table$[[$Mars Travel$],[$Contribution Margin Income Statement,$],[$Three Months Ended March $31,2024,],[$Net Sales Revenue,$312,500],[$Variable Costs,$125,000],[$Contribution Margin,$187,500],[$Fixed Costs,$170,000],[$Operating Income,$17,500]]$