QUESTION6 The following is Aykroyd Corporation's contribution format income statement for last month Sales $4,000 oss variable expenses Contribution margin 1200,000 Less fved expenses Net income $ 480 The company has no beginning or ending inventories A total of 80,000 units were produced and sold last month What is the company's contribution margin ratio? o 30% ? 70% o 150% O 250%