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

A. 64.7%

B. 54.5%

C. 1.8%

D. 35.3%