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If sales are $815,000, variable costs are 62% of sales, and operating income is $@63,000, what is the contribution margin ratio? a. 42% b. 62%

If sales are $815,000, variable costs are 62% of sales, and operating income is $@63,000, what is the contribution margin ratio?

a. 42%

b. 62%

c.38%

d. 58%

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