Kiki Assembly is a manufacturer of bicycles. The companys contribution style income statement for 20x5 is given below: Sales (1210 units) $549015 Variable Costs 264333 Contribution Margin $284682 Fixed Costs 156240 Operating Income $128442 Income Tax Expense (20%) 25688.4 Net Income $102753.6 What is Kikis margin of safety expressed as a percentage?

Select one: a. 110% b. 51.85% c. 54.88% d. 45.12%