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Sheridan Company has two divisions-Standard and Premium. Each division has hundreds of different types of tennis racquets and tennis products. The following information is available:

Sheridan Company has two divisions-Standard and Premium. Each division has hundreds of different types of tennis racquets and tennis products. The following information is available: Standard Premium Total Division Division Sales $400000 $600000 $1000000 Variable costs $320000 300000 Contribution margin $80000 $300000 Total fixed costs $300000 What is the company's weighted-average contribution margin ratio? (Round final answer to nearest whole percent.) O: 50% 38% 15% 32%

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