Location #1 (Daphne's) Location #2 (Anthony's) Location #3 (Simon's) Sales 83,000 45,000 72,000 - Variable Costs 48,000 15,000 33,000 Contribution Margin 35,000 30,000 39,000 - Fixed Costs 25,000 7.000 12.000 Operating Income 10,000 23,000 27,000 What is the contribution margin ratio of location 3 (Simon's)? (Rounded to 2 decimal places). 0.45 0.67 0.54