TB MC Qu. 03-111 A manufacturer of cedar shingles... A manufacturer of cedar shingles has supplied the following data Bundles of cedar shakes produced and sold Sales revenue Variable menufocturing expense Fixed manufacturing expense Variable selling and administrative expense Fixed selling and administrative expense Net operating income 263,000 $2,130,300 $ 976,200 $ 489,000 $ 260,700 $ 277000 $ 127400 The company's contribution margin ratio is closest to: (Do not round Intermediate calculations. Round your answer to whole percentage) o 42% 34% 66% 058%