QUESTION 15 Not complete P Flag question Points out of 1.00 The following information is available for Redwood Corporation for a sales volume of 500 stereo speakers for the past month: Sales Less: Variable expenses Contribution margin Less: Fixed expenses Net operating income Total $112,500 40,000 $72,500 $ 17,500 $55,000 Per Unit $225 80 $145 What is the contribution margin ratio? Select one: 322% B. 54.4% C. 40.0% D. 64.4% Check