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Peterson Fixtures reported the following income statement for two products sold: Total Stake $200,000 100.000 $300,000 $100,000 160.000 $140,000 $ 80.000 $60.0.0.0 Sales Variable expenses

Peterson Fixtures reported the following income statement for two products sold: Total Stake $200,000 100.000 $300,000 $100,000 160.000 $140,000 $ 80.000 $60.0.0.0 Sales Variable expenses Contribution margin Fixed expenses Net operating income What is the overall contribution margin percentage for Peterson Fixtures? 45.00% 50.00% 40.00% $100,000 60,000 $ 40,000 46.67%

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