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If sales are $809,000, variable costs are 72% of sales, and operating income is $265,000, what is the contribution margin ratio? Ca. 72% b. 28%

If sales are $809,000, variable costs are 72% of sales, and operating income is $265,000, what is the contribution margin ratio? Ca. 72% b. 28% c. 68% d. 32%

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