The following information applies to the questions displayed below.] Chic Jewelers views each branch location as an investment center. The local branch reported the following results for the current year: Sales Variable expenses Traceable fixed costs Average total assets of the branch $6,000,000 $3,704,000 $ 345,000 $2,900,000 The contribution margin of the local branch is: (The following information applies to the questions displayed below.) Chic Jewelers views each branch location as an investment center. The local branch reported the following results for the current year: Sales Variable expenses Traceable fixed costs Average total assets of the branch $6,000,000 $3, 704,000 $ 345,000 $2,900,000 The contribution margin ratio of the local branch is closest to: [The following information applies to the questions displayed below.) Chic Jewelers views each branch location as an investment center. The local branch reported the following results for the current year: Sales Variable expenses Traceable fixed costs Average total assets of the branch $6,000,000 $3,704,000 $ 345,000 $2,900,000 The responsibility margin of the local branch is