QUESTION 9 The following is Arkadia Corporation's contribution format income statement for last month: $1.200.000 Sales Variable expenses 800.000 Contribution margin 400,000 Fixed expenses 300.000 Net operating income 3100.000 The company has no beginning or ending inventories and produced and sold 20,000 unts during the month, Required: What is the company's contribution margin ratio? An acceptable format for your answer would be 0.00000. An example using this format would be 0.4444. Please extend your answer out four places. Do not include the % sign in your response. For example, 0.4444% or 44.44% is not correct