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If sales are $801,000, variable costs are 61% of sales, and operating income is $279,000, what is the contribution margin ratio? a. 39% b. 57%

If sales are $801,000, variable costs are 61% of sales, and operating income is $279,000, what is the contribution margin ratio? a. 39% b. 57% c. 43% d. 61%

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