The company's contribution margin ratio is closest to: Multiple Choice 17.0% 66.9% 43.4% 60.0%

A cement manufacturer has supplied the data: 315, Tons of cement produced and sold $7 Sales revenue $ 240, Variable manufacturing expense $ 337, 'FFixed manufacturing expense $ 167,6 Variable selling and administrative expense E[Fixed selling and administrative expense _ $ Il, $ 173,400 Net operating income The company's contribution margin ratio is closest to: Multiple Choice 0 43.4% O 17.0%