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If sales are $793,000, variable costs are 74% of sales, and operating income is $240,000, what is the contribution margin ratio? Oa. 26% Ob. 70%

If sales are $793,000, variable costs are 74% of sales, and operating income is $240,000, what is the contribution margin ratio? Oa. 26% Ob. 70% Oc. 30% O d. 74%

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