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If sales are $790,000, variable costs are 77% of sales, and operating income is $271,000, what is the contribution margin ratio? a. 73% b. 27%

If sales are $790,000, variable costs are 77% of sales, and operating income is $271,000, what is the contribution margin ratio? a. 73% b. 27% c. 23% d. 77%

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