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If sales are $814,000, variable costs are 70% of sales, and operating income is $238,000, what is the contribution margin ratio? a.30% b.34% c.70% d.66%

If sales are $814,000, variable costs are 70% of sales, and operating income is $238,000, what is the contribution margin ratio?

a.30%

b.34%

c.70%

d.66%

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