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If Intel Corporations's sales are $425,000, variable costs are 62% of sales, and operating income is $50,000, what is the contribution margin ratio? O 62%

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If Intel Corporations's sales are $425,000, variable costs are 62% of sales, and operating income is $50,000, what is the contribution margin ratio? O 62% 38% 26.8% 11.8% O None of the above

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