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If sales are $811,000, variable costs are 70% of sales, and operating income is $247,000, what is the contribution margin ratio? ca. 30% b. 34%

If sales are $811,000, variable costs are 70% of sales, and operating income is $247,000, what is the contribution margin ratio? ca. 30% b. 34% OC. 66% d. 70%

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