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For Pierce Company, sales is $400,000, variable expenses are $340,000, and fixed expenses are $120,000. Pierce's contribution margin ratio is a. 15% b. 12% c.

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For Pierce Company, sales is $400,000, variable expenses are $340,000, and fixed expenses are $120,000. Pierce's contribution margin ratio is a. 15% b. 12% c. 24% d. 4%

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