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If sales are $803,000, variable costs are 68% of sales, and operating income is $235,000, what is the contribution margin ratio? a.64% b.32% c.36% d.68%

If sales are $803,000, variable costs are 68% of sales, and operating income is $235,000, what is the contribution margin ratio?

a.64%

b.32%

c.36%

d.68%

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