Sage Company provides carpet cleaning services to commercial and residential customers. Using the data below, determine the contribution margin ratio for each business segment, rounded to two decimal places:

Select the formula, then, calculate the contribution margin ratio for each business segment. (Round to two decimal Places long dashthe nearest hundredth Percent long dashX.XX%.)

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Contribution margin ratio

i Data Table Service Revenue Commercial Residential $ 75,000 $ 90,100 $ 26,100 36,040 Total 165,100 62,140 Variable Costs Contribution Margin 48,900 54,060 102,960 55,000 Fixed Costs $ 47,960 Operating Income Print Done