Help Seve & Exit Sub Janson Company prepares an income statement for financial accounting purposes using the traditional income statement format as well as an income statement for managerial accounting purposes using the contribution margin format. Selected information from both income statement formats are as follows: Revenues Cost of goods sold Contribution margin ratio Operating expenses Fixed expenses $200,000 $ 40,000 50% $120,000 $ 60,000 Using the contribution margin format, operating income is: Multiple Choice O $40,000 Prev 12 of 15 All Next > Which of the following is the correct calculation for the contribution margin ratio? Multiple Choice O Sales revenue divided by variable costs. O O Sales revenue divided by contribution margin. O (O) Contribution margin divided by sales revenue. O Contribution margin divided by variable costs.