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If sales are $820,000, variable costs are 66% of sales, and operating income is $250,000, what is the contribution margin ratio? a.66% b.62% c.38% d.34%
If sales are $820,000, variable costs are 66% of sales, and operating income is $250,000, what is the contribution margin ratio?
a.66%
b.62%
c.38%
d.34%
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