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If sales are $802,000, variable costs are 68% of sales, and operating income is $263,000, what is the contribution margin ratio? a. 68% Ob. 36%

If sales are $802,000, variable costs are 68% of sales, and operating income is $263,000, what is the contribution margin ratio? a. 68% Ob. 36% c. 32% d. 64%

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