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Using the following Contribution Margin Income Statement, what is the contribution Margin ratio? (Round calculations to one decimal.) Sales $340,000 (Variable Expenses) (120,000) Contribution Margin
Using the following Contribution Margin Income Statement, what is the contribution Margin ratio? (Round calculations to one decimal.) Sales $340,000 (Variable Expenses) (120,000) Contribution Margin 220,000 (Fixed Expenses) (100,000) Net Income $120,000 O A. 1.8% OB. 54.5% O C. 64.7% OD. 35.3%
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