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If sales are $806,000, variable costs are 77% of sales, and income from operations is $221,000, what is the contribution margin ratio? a. 77% b.

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If sales are $806,000, variable costs are 77% of sales, and income from operations is $221,000, what is the contribution margin ratio? a. 77% b. 73% c. 27% d. 23%

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