Golebiewski Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range.

Sales (5,000 units)	$	150,000
Variable expenses		37,500
Contribution margin		112,500
Fixed expenses		35,250
Net operating income	$	2,250

The contribution margin ratio is closest to:

Multiple Choice

• 90%

• 25%

• 45%

• 75%