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Which of the following is an accurate description of the contribution margin ratio (also called contribution margin percentage)? Group of answer choices The percentage of
Which of the following is an accurate description of the contribution margin ratio (also called "contribution margin percentage")?
Group of answer choices
The percentage of sales dollars that a company has available to cover variable costs
The percentage of variable costs plus fixed costs
The dollar amount of contribution margin divided by net income
The percentage of sales dollars that a company has available to cover fixed costs and net income
The dollar amount of fixed costs divided by total sales dollars
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