Psaris, a company that sells fishing nets, provides the following information about its product Targeted operating income $52,000 Sales price per unit 8.00 Variable cost per unit 3.00 Total fixed costs 120,000 What is the contribution margin ratio? (Round any intermediate calculations and your final answer to two decimal places.) GE A 37.5% B. 62.5% O C. 100% OD. 187.5%