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If sales are $807,000, variable costs are 73% of sales, and operating income is $211,000, what is the contribution margin ratio? a. 69% b. 27%

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If sales are $807,000, variable costs are 73% of sales, and operating income is $211,000, what is the contribution margin ratio? a. 69% b. 27% c. 31% d. 73%

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