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If sales are $814,000, variable costs are 60% of sales, and operating income is $271,000, what is the contribution margin ratio? a.56% b.60% c.40% d.44%

If sales are $814,000, variable costs are 60% of sales, and operating income is $271,000, what is the contribution margin ratio?

a.56%

b.60%

c.40%

d.44%

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